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Samvardhana Motherson Set To Acquire 95% Stake in Japan-Based Atsumitec For $57 Million

Updated on: Dec 6, 2024, 4:38 PM IST
Samvardhana Motherson International Limited.'s wholly owned subsidiary will acquire 95% of Japan-based Atsumitec for $57 million.
Samvardhana Motherson Set To Acquire 95% Stake in Japan-Based Atsumitec For $57 Million
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Samvardhana Motherson International Ltd. (SAMIL), a leading global automotive supplier, has announced the acquisition of Japan-based Atsumitec by its wholly owned subsidiary, Samvardhana Motherson Automotive Systems Group B.V. The $57 million deal is a strategic move to enhance the company’s market presence and diversify its offerings. Shares of SAMIL saw a 4% intraday rise following the announcement.

Key Details of the Acquisition

The transaction will involve Motherson acquiring 95% of Atsumitec’s shares with voting rights, while the remaining 5% will be held by Honda Motor. Atsumitec, known for producing high-precision machined components such as gear shifters and transmission parts for two- and four-wheelers, operates across Japan, Thailand, and the USA. The deal will also include the acquisition of Atsumitec’s Indonesian unit and requires merger control clearance from Japanese authorities. The completion is expected by Q1 FY2026.

About SAMIL

Samvardhana Motherson International Ltd. is one of the world’s largest automotive component manufacturers, specialising in providing end-to-end solutions for OEMs. With a global presence in over 41 countries, the company offers a diversified portfolio, including electrical distribution systems, polymer processing, and metal machining. SAMIL is known for its innovative approach, customer-centric strategies, and consistent focus on global expansion. It has a strong network of manufacturing plants and R&D centers, making it a key player in the automotive supply chain.

SAMIL Share Performance

As of December 06, 2024, shares of SAMIL closed at ₹170.39 per share with a surge of 2.03% from its previous day’s closing price. Over the last month, the stock has seen a fall of 8.33%. The stock has a 52-week high and a 52-week low of ₹216.99 per share and ₹90.20 per share respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 6, 2024, 4:38 PM IST

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