# Exedy Corporation to acquire Protean Electric Ltd. for JPY 5.17 billion

Exedy Corporation resolved to acquire all shares of Protean Electric Ltd., a UK-based developer of in-wheel motors, for approximately JPY 5.17 billion, making it a wholly owned subsidiary. The acquisition date is February 26, 2026.

- Type: Acquisition
- Announced: 2026-02-20
- Where: United Kingdom
- Value: $32.8M (5.17B JPY)
- Status: announced
- Products: in-wheel motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Exedy Corporation](https://endata.com/companies/17150.md) (acquirer)
- [Protean Electric](https://endata.com/companies/35306.md) (target)
- [BD Auto And Energy Ltd.](https://endata.com/companies/90595.md) (partner)
- [BEDEO Group](https://endata.com/companies/90773.md) (partner)

## Sources

- [japanir.jp](https://japanir.jp/en/company/company-7278/ir/7278-20260220-01_wp_m_and_a_alliance/), 2026-02-20: "Exedy Corporation plans to acquire 9,086,213 shares of Protean Electric Ltd. for approximately 5,170 million yen and make it a wholly owned subsidiary."
- [autocarmotor.com](https://autocarmotor.com/en/news/exedy-seals-deal-to-acquire-protean-electric-and-accelerates-electric-vehicles-with-in-wheel-motors/), 2026-02-20: "Exedy announces the acquisition of Protean Electric, uniting in-wheel motorization with software-defined vehicle solutions to strengthen its positioning in EVs."
- [marketscreener.com](https://www.marketscreener.com/news/exedy-corporation-completed-the-acquisition-of-protean-electric-limited-from-bd-auto-and-energy-ltd-ce7e5edbd98ff624), 2026-03-01: "EXEDY Corporation completed the acquisition of Protean Electric Limited from BD Auto And Energy Ltd. on March 2, 2026."
- [proteanelectric.com](https://www.proteanelectric.com/zh/protean-electric-%E8%A2%AB-exedy-%E6%94%B6%E8%B4%AD/), 2026-03-09: "Acquisition of Protean will help EXEDY adapt to the electrification trend in the automotive industry, which is one of our core strategies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.