# Aisin Seiki takes control of Toyota AutoParts Philippines

Aisin Seiki paid PHP1.2 billion (US$23 million) to increase its stake in Toyota AutoParts Philippines from 34% to 61%, renaming it Toyota Aisin Philippines. The plant in Laguna produces manual gearboxes and constant velocity joints.

- Type: Acquisition
- Announced: 2018-06-06
- Where: Laguna province, Manila, Philippines
- Value: $23.0M (1.20B PHP)
- Status: completed
- Products: manual gearboxes, constant velocity joints
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md) (target)
- [Aisin Seiki Co., Ltd.](https://endata.com/companies/18556.md) (acquirer)
- [Toyota AutoParts Philippines](https://endata.com/companies/32413.md) (target)

## Sources

- [just-auto.com](https://www.just-auto.com/news/aisin-seiki-takes-control-of-philippine-gearbox-unit/), 2018-06-06: "Aisin Seiki paid Toyota Motor PHP1.2bn (US$23m) to increase its stake in the joint venture from 34% to 61% and will rename the company Toyota Aisin Philippines."

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