# Motherson to fully acquire Ichikoh Industries' mirror business for JPY 5.2B

Samvardhana Motherson Automotive Systems Group BV will acquire 100% of the mirror business of Ichikoh Industries, a Valeo subsidiary, for an enterprise value of JPY 5.2 billion.

- Type: Acquisition
- Announced: 2022-09-26
- Where: Japan
- Value: $36.0M (5.20B JPY)
- Status: announced
- Products: automotive mirrors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Valeo](https://endata.com/companies/655.md) (partner)
- [Ichikoh Industries](https://endata.com/companies/20161.md) (target)
- [Samvardhana Motherson Automotive Systems Group BV](https://endata.com/companies/52624.md) (acquirer)

## Sources

- [ceoinsightsasia.com](https://www.ceoinsightsasia.com/news/samvardhana-motherson-automotive-to-fully-acquire-mirror-business-of-ichikoh-industries-nwid-9705.html), 2022-09-26: "Inorganic growth is an integral part of our Vision 2025."

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