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
Automation & Robotics
ALTEN India names Balaji Viswanathan as CEO
Balaji Viswanathan to lead ALTEN India's next phase of engineering innovation, global delivery, and digital transformation across automotive, aerospace, telecom, and more.
Read moreAuto & Auto Components
Setco Automotive enters engine cooling market with new water pump launch
Setco Automotive expands its product range with a new water pump for LCVs and MHCVs, reinforcing its presence beyond clutches into engine cooling solutions for global OEM and aftermarket clients.
Read morePolicy Regulation
Can India’s Exports Takeoff Amid Global Market Uncertainty?
India's merchandise exports are navigating a complex global landscape marked by economic and geopolitical turbulence, including trade wars. India needs to take multiple measures to build a resilient..
Read moreRelated Products
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
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
