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Sumitomo and Tech Mahindra form automotive engineering JV · Endata

◂ Announcements

Dec 11, 2020ACQUISITIONJapan

Sumitomo and Tech Mahindra form automotive engineering JV

Sumitomo Corporation and Tech Mahindra Limited have formed a joint venture, SCTM Engineering Corporation of Japan, to provide engineering services to the automotive sector. The European Commission approved the acquisition of joint control on 11 December 2020.

Status

Announced

Productsengineering services for automotive sector

CompaniesSumitomo Corporation partner Tech Mahindra Limited partner SCTM Engineering Corporation of Japan target

Sectors#Automotive Components

“The newly created joint venture will provide engineering services to the automotive sector.”eulawlive.com

1 source
eulawlive.comJoint venture by Sumitomo and Tech Mahindra: approval decision published - EU Law LiveAnjum ShabbirDec 21, 2020

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

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