SMP Automotive Global hat dies direkt geteilt
Motherson announces its acquisition of Atsumitec Co., Ltd., a company that specialises in high-precision machined components, including gear shifters and transmission parts for four-wheeler (4W) and two-wheeler (2W) vehicles. This strategic acquisition strengthens Motherson's relationship with Honda Motors and also serves as a catalyst for expanding its metal business. This acquisition significantly enhances Motherson's presence among Japanese original equipment manufacturers (OEMs) and diversifies its product offerings, particularly chassis and transmission components for 4W and 2W vehicles. It will also provide Motherson access to global machining capabilities that complement its existing metal machining operations in India and Mexico. The transaction is expected to be closed by the first quarter of FY 2025-26 and will be executed in multiple steps, culminating in a shareholding of Motherson 95%: 5% Honda Motors. Atsumitec operates nine facilities across Japan, China, the United States, Mexico, Thailand, Indonesia, and Vietnam, enabling Motherson to leverage a broader manufacturing footprint. For more details on this acquisition, read our press release https://lnkd.in/gtkn_QUr