Samvardhana Motherson International has received approval from Board of Directors to acquire 95% shares with voting rights in Atsumitec Co via a 100% subsidiary of Samvardhana Motherson Automotive Systems Group B.V (SMRP B.V.) (SAHN B.V.). Atsumitec Co is a company duly incorporated and existing under the laws of Japan.
The objective of acquisition is to expand share of business with Japanese OEMs; further diversification of the business portfolio with entry into new product lines i.e. chassis and transmission parts for 4W and 2W; and entry into new geographies like Vietnam for 2W segment.
Atsumitec Co has 9 Facilities across 7 countries i.e. Japan, China, United States, Mexico, Thailand, Indonesia, and Vietnam. The Board of Directors of Samvardhana Motherson International at its meeting held on December 6, 2024, inter-alia, approved the same.
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.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 123.20 |
| Tube Investments | 2876.95 |
| Bosch | 37764.95 |
| UNO Minda | 1127.90 |
| CIE Automotive India | 485.95 |
| View more.. | |
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