# 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.

- Type: Acquisition
- Announced: 2017-01-01
- Where: India
- Value: $62.0M
- Status: announced
- 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) (target)
- [Sona Koyo Steering Systems](https://endata.com/companies/21759.md) (target)
- [Sona Autocomp Holdings](https://endata.com/companies/21925.md) (partner)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5238196/jtekt-to-acquire-indian-partners-stake-in-sona-koyo-steering-systems), 2017-02-02: "JTEKT has reached an agreement to buy out India-based Sona Autocomp Holdings’ 25.12% stake in Sona Koyo Steering Systems."
- [business-standard.com](https://www.business-standard.com/article/companies/sunjay-kapur-steers-sona-to-new-shores-117032700271_1.html), 2017-03-27: "Sunjay, Kapur’s son, who took over the reins of the group, decided to exit the 30-year-old company by selling his 25 per cent stake for Rs 419 crore to Koyo, now known as JTEKT Corp, in January."

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