M&A

M&A

Autocomp maker SAMIL acquires 81% stake in Japan’s Yutaka Giken for $184-M

Business Line   BSE Announcement   Yutaka Giken  

Noida-based Samvardhana Motherson International Ltd (SAMIL) has acquired an 81% stake in Japan's Yutaka Giken Co. for USD 184 million (INR 1,610 crore) through its wholly-owned subsidiary Motherson Global Investments BV (MGI BV).As a part of this acquisition, SAMIL will acquire 100% of the shares and voting rights in Yutaka Autoparts India Pvt Ltd (Yutaka India) and 11% in Shinnichi Japan.This acquisition is expected to further increase the company's global partnership with Honda and help expand the share of business with Japanese OEMs.Yutaka Giken makes metal components and assemblies, including rotors and stator assemblies for motors, drive systems, brake systems and thermal management systems.