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
Policy Regulation
India’s Top 100 Engineering Companies 2025 by Smart Manufacturing & Enterprises
FY25 unfolded against a challenging external setting. Despite the global headwinds, India posted real GDP growth of 6.5 per cent in FY2024–25. In this edition, Smart Manufacturing & Enterprises (S..
Read moreAuto & Auto Components
Varroc appoints Avinash Chintawar as Chief Operating Officer
Varroc appoints Avinash Chintawar as COO to enhance operational efficiency and align with long-term strategic goals, focusing on sustainable growth.
Read moreAuto & Auto Components
Tata Technologies and Synopsys Collaborate to Drive Software-Defined Mobility
The companies will leverage each other’s expertise to provide innovative solutions that address SDV complexity and enable OEMs to lead in the rapidly evolving mobility landscape.
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
