Japan's TDK Corp said on Thursday it plans to acquire Micronas Semiconductor Holding AG MASN.S for up to 214 million Swiss francs ($215 million).

TDK said it would offer 7.5 francs for each of the Swiss company's shares, and that Micronas' board had approved the plan. It expects the deal to be completed on or around 10 Feburary next year, it said in a statement.