Samvardhana Motherson International, an Indian auto parts supplier, is on the verge of completing a strategic acquisition of Atsumitec, a Honda Motor-affiliated company based in Hamamatsu, Japan. The acquisition, valued at 8.5 billion yen ($56 million), will see Motherson gain a substantial 95% ownership of Atsumitec, while Honda will maintain a minor stake of 5%. The transaction is anticipated to be finalized as early as March.
Atsumitec, a renowned manufacturer of transmission and engine components, is strategically located between Tokyo and Nagoya. The company will continue to operate under its established name post-acquisition. The leadership will remain unchanged, with President Hideyuki Suzuki continuing to helm the company’s operations. This acquisition is a crucial part of Atsumitec's strategy to effectively transition into the evolving electric vehicle landscape.
This move represents a significant step for both Atsumitec and Motherson. Atsumitec aims to leverage Motherson's extensive expertise in the auto parts sector to bolster its capabilities and ensure a smooth adaptation to the changing automotive industry. The acquisition aligns with Atsumitec's long-term goals of sustainable growth and innovation in electric vehicle components.
Samvardhana Motherson International has consistently demonstrated strong proficiency in the automotive parts industry. With this acquisition, Motherson seeks to expand its footprint in the Japanese market while enriching its portfolio with Atsumitec’s established technological prowess and market reach. This partnership is expected to create synergies that will enhance competitiveness and drive growth for both companies in the global automotive sector.
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