Schedule a Call Back
Samvardhana Motherson to acquire Japan-based Atsumitec for $57 million
Industry News- Dec 06,24
The transaction will be executed through SAHN B.V., a wholly-owned subsidiary of Samvardhana Motherson Automotive Systems Group B.V. (SMRP B.V.).
The board of Samvardhana Motherson International Limited (SAMIL) approved a $57 million acquisition of Japan-based Atsumitec. The decision was made during a board of directors meeting on December 6, 2024. The transaction will be executed through SAHN BV, a wholly-owned subsidiary of Samvardhana Motherson Automotive Systems Group B.V. (SMRP B.V.).
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI guidelines, details of the proposed acquisition are provided in Annexure A, with an investor presentation attached as Annexure B.
The board meeting commenced at 11:00 AM IST and concluded at 12:20 PM IST.
Related Stories
Auto & Auto Components
India’s PV and CV sales surge as EVs, infrastructure drive growth
India’s passenger and commercial vehicle markets are expanding on policy support, infrastructure growth, rising incomes, exports and faster EV adoption.
Read moreAuto & Auto Components
JSW Motors appoints Pankaj Doval as SVP – Corporate Affairs & Public Policy
Pankaj Doval will lead JSW Motors’ government, regulatory and policy engagement as the company prepares to launch new energy vehicles and scale up its Bidkin facility.
Read moreAuto & Auto Components
Godrej Tooling strengthens local manufacturing for next-gen mobility
Godrej Enterprises expands advanced tooling capabilities to support localisation and next-generation automotive manufacturing.
Read moreRelated Products
Automotive Oil Pump
AUTO COMPONENTS & ACCESSORIES
Kalpak Auto Pvt Ltd offers a wide range of
automotive oil pump.
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
