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Sumitomo Corporation to acquire shares of Asama Giken from Honda · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Jul 8, 2019ACQUISITIONJapan

Sumitomo Corporation to acquire shares of Asama Giken from Honda

Sumitomo Corporation has reached an agreement with Honda Motor Co., Ltd. to acquire shares of Asama Giken Co., Ltd., a manufacturer of automotive brake components. Asama Giken supplies brake discs and drums mainly to Honda and has bases in Japan, the United States, and Indonesia.

Status

Announced

Productsbrake discsbrake drumsbrake components

CompaniesSumitomo Corporation acquirer Honda Motor Co., Ltd. partner Asama Giken target

Sectors#Automotive Components

“Sumitomo Corporation has reached an agreement with Honda Motor Co., Ltd. to acquire shares of Asama Giken Co., Ltd. from the automaker.”sumitomocorp.com

2 sources
sumitomocorp.comSumitomo Corporation to acquire shares in manufacturer of automotive brake components | Sumitomo CorporationJul 8, 2019
autotechinsight.ihsmarkit.comSumitomo to acquire stake in automotive brake parts maker Asama Giken from Honda - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJul 15, 2019

Summarized from public sources; check the original articles before acting on it.

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