# Sumitomo Corporation acquires ASAMA GIKEN from Honda Motor

Sumitomo Corporation acquired shares of ASAMA GIKEN, an automotive brake parts manufacturer, from Honda Motor, making ASAMA GIKEN a member of the Sumitomo Corporation Group. The three companies (Sumitomo Corporation, KIRIU, and ASAMA GIKEN) started considering integration with a kickoff event on September 2, 2019.

- Type: Acquisition
- Announced: 2019-09-24
- Where: Japan
- Status: announced
- Products: automotive brake parts
- 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)
- [Kiriu Corporation](https://endata.com/companies/27018.md) (partner)
- [Asama Giken](https://endata.com/companies/40487.md) (target)

## Sources

- [sumitomocorp.com](https://www.sumitomocorp.com/en/easia/news/topics/2019/group/20190924), 2019-09-24: "The three companies took the memorable first step in joining forces to be the world’s No.1 automotive brake parts manufacturing group in the automotive industry that is undergoing a seismic, once-in-a-century transformation."
- [sumitomocorp.com](https://www.sumitomocorp.com/en/jp/news/topics/2019/group/20190924), 2019-09-24: "The three companies took the memorable first step in joining forces to be the world’s No.1 automotive brake parts manufacturing group in the automotive industry that is undergoing a seismic, once-in-a-century transformation."

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