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JTEKT to buy additional 25% stake in Sona Koyo Steering Systems · Endata

◂ Announcements

Jan 25, 2017ACQUISITIONIndia

JTEKT to buy additional 25% stake in Sona Koyo Steering Systems

JTEKT Corporation plans to buy Sona group's 25% stake in Sona Koyo Steering Systems for INR5.75-6.25 billion (USD84-92 million).

Value

$88.0M (6.00B INR)

Status

Rumored

Productssteering systems

CompaniesJTEKT Corporation acquirer Sona Group partner Sona Koyo Steering Systems target

Sectors#Automotive Components

“JTEKT Corporation plans to buy out its India-based partner Sona group's 25% stake in Sona Koyo Steering Systems for INR5.75 billion to INR6.25 billion.”autotechinsight.spglobal.com

2 sources
autotechinsight.spglobal.comJTEKT to buy additional 25% stake in Sona Koyo Steering Systems-report - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJan 27, 2017
mnacritique.mergersindia.comJTEKT strengthens muscles by increasing confidence in SONA | M&A CritiqueHiteshkumar JainApr 18, 2018

Summarized from public sources; check the original articles before acting on it.

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