Samvardhana Motherson International (SAMIL) via 100% subsidiary of SMRP B.V. (SAHN B.V.) has entered into an agreement to acquire 81% stake in Yachiyo Industry’s 4W (Y4W) Business. Samvardhana Motherson Automotive Systems Group BV (SMRP B.V.) is a 100% subsidiary of SAMIL, while SMRC Automotive Holdings Netherlands B.V. (SAHN B.V.) is a 100% subsidiary of SMRP BV.
Yachiyo Industry is a publicly listed (Tokyo Stock Exchange) subsidiary of Honda Motor which comprises of 4W and 2W businesses. As a part of the overall transaction, the 2W business (housed under Goshi Giken) will be transferred to Honda Motor before Motherson acquires 81% stake in Yachiyo’s 4W business.
Motherson will form an 81%:19% strategic partnership with Honda Motor where both partners will drive the company towards a strong and sustainable future and be fully prepared for next-generation products and technologies. The transaction emphasises Motherson’s commitment to be a globally preferred sustainable solutions provider for the automotive industry.
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.
