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Samvardhana Motherson International’s arm signs agreement with Ichikoh Industries

26 Sep 2022 Evaluate

SMR Automotive Mirrors UK, United Kingdom (SMR UK), a 100% step down subsidiary of Samvardhana Motherson Automotive Systems Group BV, Netherlands (SMRP BV), has entered into a Share Purchase Agreement with Ichikoh Industries, Japan (Ichikoh) for the acquisition of 100% equity share capital held by Ichikoh in Misato Industries Co., Japan and Ichikoh (Wuxi) Automotive Parts Co., China. SMRP BV is a material and 100% subsidiary of Samvardhana Motherson International.

The transaction includes Ichikoh’s mirror business (development and manufacturing of automotive mirrors and associated products) in Japan and China, catering largely to Japanese OEMs. The target business reported revenues of JPY 15.8 billion in 2021. With this transaction Motherson will add three manufacturing facilities across Japan and China and 260 patents to its IP portfolio. The proposed deal is expected to be closed in 6-8 months subject to completion of all conditions precedent.

Samvardhana Motherson International is one of the world’s leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.

SamvardhanaMotherson Share Price

125.00 2.30 (1.87%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
SamvardhanaMotherson 125.00
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