# 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).

- Type: Acquisition
- Announced: 2017-01-25
- Where: India
- Value: $88.0M (6.00B INR)
- Status: rumored
- Products: steering systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [JTEKT Corporation](https://endata.com/companies/8792.md) (acquirer)
- [Sona Group](https://endata.com/companies/16855.md) (partner)
- [Sona Koyo Steering Systems](https://endata.com/companies/21759.md) (target)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5238076/jtekt-to-buy-additional-25-stake-in-sona-koyo-steering-systems-report), 2017-01-27: "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."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/jtekt-sona-koyo-auto-merger-consolidation/), 2018-04-18: "Japan’s JTEKT corporation acquired 25.12% per cent stake by execution of Share Purchase Agreement dated February 1, 2017 after this through open offer acquired additional 25.23% stake."

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