# Meidensha acquires 41% stake in Vietstar Industry Corporation

Meiden Asia Pte. Ltd., a wholly-owned subsidiary of Meidensha Corporation, signed a contract on January 15, 2020 to acquire a 41-percent stake in Vietstar Industry Corporation, a Vietnamese switchgear manufacturer, to enter the Vietnamese power industry market. The investment is scheduled to close at the end of March 2020.

- Type: Acquisition
- Announced: 2020-01-16
- Where: Ho Chi Minh City, Vietnam
- Status: announced
- Products: low- and medium-voltage switchgears
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Meidensha](https://endata.com/companies/6335.md) (acquirer)
- [Vietstar Industry Corporation](https://endata.com/companies/44570.md) (target)

## Sources

- [meidensha.com](https://www.meidensha.com/news/news_03/news_03_01/1245125_10981.html), 2020-01-16: "Meiden Asia’s investment will help fuse Vietstar’s distribution channels and production power with Meiden Group’s product technologies, aimed at making an inroad into the Vietnamese power industry market"

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