Sumida acquires Pontiac Coil for $55M

Sumida, a global manufacturer of coil-related components, acquired Detroit-based Pontiac Coil for approximately $55 million to expand in North American automotive markets and advance automated manufacturing capabilities.

“The move is expected to enable Tokyo-based Sumida to expand its research and development serving the automotive market in the U.S. and produce its product lines domestically aiming at the U.S. market.”magneticsmag.com

• 1 source
• magneticsmag.comSumida Acquires Automotive Components Supplier Pontiac Coil for $55M - Magnetics MagazineEditorial StaffFeb 11, 2019

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