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Samvardhana Motherson International buys 95% stake in Japanese auto parts firm Atsumitec for $57M.
Samvardhana Motherson International, an Indian auto parts company, plans to acquire a 95% stake in Japanese component maker Atsumitec for about $57 million.
The deal supports SAMIL's global expansion and diversification goals.
Atsumitec, founded in 1949, specializes in chassis and transmission parts.
Honda Motor will retain a 5% stake.
The acquisition is expected to be completed by the first quarter of the next fiscal year.
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Samvardhana Motherson International compra un 95% de participación en la empresa japonesa de autopartes Atsumitec por $57 millones.