# 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.

- Type: Acquisition
- Announced: 2019-07-08
- Where: Japan
- Status: announced
- Products: brake discs, brake drums, brake components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (acquirer)
- [Honda Motor Co., Ltd.](https://endata.com/companies/16181.md) (partner)
- [Asama Giken](https://endata.com/companies/40487.md) (target)

## Sources

- [sumitomocorp.com](https://www.sumitomocorp.com/en/jp/news/release/2019/group/12090), 2019-07-08: "Sumitomo Corporation has reached an agreement with Honda Motor Co., Ltd. to acquire shares of Asama Giken Co., Ltd. from the automaker."
- [autotechinsight.ihsmarkit.com](https://autotechinsight.ihsmarkit.com/news/5250666/sumitomo-to-acquire-stake-in-automotive-brake-parts-maker-asama-giken-from-honda), 2019-07-15: "Sumitomo Corporation has reached an agreement with Honda Motor to acquire shares of Asama Giken Co., Ltd. from the automaker."

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