EPCOS AG was founded by Siemens in 1968.In 1989 itemerged as a public limited company from Siemens Matsushita Components, a joint venture of Siemens Passive Components with Matsushita. In 2009 it was taken over by a leading electronics giant TDK-Corporation in Japan, as a member of TDK-EPC Corporation. EPCOS AG, a manufacturer of passive components headquartered in Munich, Germany, is a leader in Europe and is number 1 in LV Power Factor Correction Components worldwide. EPCOS supplies some 40000 different products to more than 15000 customers. It has design, manufacturing and marketing facilities in Europe, the Americas and Asia pacific. EPCOS also provides power quality solutions and manufactures Active Harmonic Filters, MV Capacitors, Vacuum contactors & fully assembled MV Capacitor Banks.