# Rane Madras acquires steering components business of Yagachi Technologies

Rane Madras Ltd approved the acquisition of the Steering Components Business of Yagachi Technologies, a Hical Group company, in an all-cash deal. The business produces steering and suspension components for passenger vehicles.

- Type: Acquisition
- Announced: 2021-10-14
- Where: India
- Status: announced
- Products: steering and suspension components, inner ball joints, outer ball joints
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Rane Madras](https://endata.com/companies/58387.md) (acquirer)
- [Yagachi Technologies](https://endata.com/companies/58388.md) (target)
- [Hical Group](https://endata.com/companies/58389.md) (investor)

## Sources

- [dtnext.in](https://www.dtnext.in/news/business/rane-madras-acquires-yagachi-technologies-to-boost-pv-biz), 2021-10-14: "The all-cash deal would enhance RML’s leadership position and share in domestic passenger vehicle (PV) market."

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