# JTEKT acquires Sona Group's stake in steering JV

JTEKT Corporation acquired Sona Autocomp Holding Limited's 25.12 percent stake in Sona Koyo Steering Systems Limited for about Rs 419.28 crores.

- Type: Acquisition
- Announced: 2018-02-28
- Where: India, India
- Value: $65.0M (4.19B INR)
- Status: completed
- Products: steering systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [JTEKT Corporation](https://endata.com/companies/8792.md) (acquirer)
- [Sona Koyo Steering Systems](https://endata.com/companies/21759.md) (target)
- [Sona Autocomp Holdings](https://endata.com/companies/21925.md) (target)

## Sources

- [in.bearing-news.com](https://in.bearing-news.com/japans-jtekt-buys-sona-group-steering-jv-2/), 2018-02-28: "With the acquisition of additional SKSSL shares, JTEKT will deepen its relationship with SKSSL, and combined efforts in providing swift customer services and meeting their expectations..."

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