# 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.

- Type: Acquisition
- Announced: 2019-02-11
- Where: Clarkston, Michigan, United States
- Value: $55.0M
- Status: completed
- Products: coils, transformers, inductors, solenoids
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [SUMIDA CORPORATION](https://endata.com/companies/32324.md) (acquirer)
- [Pontiac Coil Inc.](https://endata.com/companies/32325.md) (target)

## Sources

- [magneticsmag.com](https://magneticsmag.com/sumida-acquires-automotive-components-supplier-pontiac-coil-for-55m/), 2019-02-11: "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."

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