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JTEKT acquires 25.12% stake in Sona Koyo Steering Systems · Endata

◂ Announcements

Jan 1, 2017ACQUISITIONIndia

JTEKT acquires 25.12% stake in Sona Koyo Steering Systems

JTEKT reached an agreement to buy out Sona Autocomp Holdings' 25.12% stake in Sona Koyo Steering Systems for USD 62 million, as disclosed in a regulatory filing on February 1, 2017.

Value

$62.0M

Status

Announced

Productssteering systems

CompaniesJTEKT Corporation acquirer Sona Group target Sona Koyo Steering Systems target Sona Autocomp Holdings partner

Sectors#Automotive Components

“JTEKT has reached an agreement to buy out India-based Sona Autocomp Holdings’ 25.12% stake in Sona Koyo Steering Systems.”autotechinsight.spglobal.com

2 sources
autotechinsight.spglobal.comJTEKT to acquire Indian partner’s stake in Sona Koyo Steering Systems - Automotive Technology Insight | Forecasts | Industry News | Supply ChainFeb 2, 2017
business-standard.comSunjay Kapur steers Sona to new shoresAjay ModiMar 27, 2017

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

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