# Sona Group acquires Mitsubishi Materials' stake in Sona BLW Precision Forgings

Sona Group acquired the 25% stake held by Mitsubishi Materials in joint venture Sona BLW Precision Forgings, gaining full ownership. The deal value was undisclosed.

- Type: Acquisition
- Announced: 2017-02-01
- Where: India
- Status: completed
- Products: precision forgings, auto components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mitsubishi Materials](https://endata.com/companies/8627.md) (partner)
- [Mitsubishi Materials](https://endata.com/companies/8627.md) (target)
- [Sona BLW Precision Forgings](https://endata.com/companies/10691.md) (target)
- [Sona Group](https://endata.com/companies/16855.md) (acquirer)

## Sources

- [india.com](https://www.india.com/news/sona-group-acquires-mitsubishi-materials-stake-in-jv-firm-1901294/), 2017-03-07: "Sona BLW Precision Forgings can now delve deeper into R&D and make significant commitments and investments into the future of the global precision forgings business."
- [autonewspress.com](https://www.autonewspress.com/sona-autocomp-acquire-partner-mitsubishi-materials-corporations-entire-stake-sona-blw-precision-forgings-limited/), 2017-03-07: "We are moving ahead rapidly to cement our global leadership position in the precision forging business."
- [forbesindia.com](https://www.forbesindia.com/article/special/sona-group-buys-mitsubishi-materials-stake-in-jv-firm/46223/1), 2017-03-07: "We are moving ahead rapidly to cement our global leadership position in the precision forging business."
- [business-standard.com](https://www.business-standard.com/article/companies/sunjay-kapur-steers-sona-to-new-shores-117032700271_1.html), 2017-03-27: "With money in hand, Sunjay decided to buy out Mitsubishi Materials Corporation’s 25 per cent stake in the forging business of the group in February."

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