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Toyota Boshoku to acquire majority stake in Toyota Body Seiko · Endata

◂ Announcements

Dec 27, 2022ACQUISITIONTakahama-shi, Aichi, Japan

Toyota Boshoku to acquire majority stake in Toyota Body Seiko

Toyota Boshoku Corporation has agreed with Toyota Auto Body to acquire shares of Toyota Body Seiko, raising its stake from 33.6% to 66.4% in October 2023, with plans to acquire the remaining shares by end of 2026 to make it a wholly owned subsidiary, renamed Toyota Boshoku Seiko Corporation.

Status

Announced

Productsrear seat frameslong slide rails

CompaniesToyota Boshoku acquirer Toyota Auto Body partner Toyota Body Seiko Co., LTD. target

Sectors#Automotive Components

“Toyota Boshoku Corporation, Toyota Auto Body Co., LTD. and Toyota Body Seiko Co., LTD. have concluded an agreement to transfer shares of Toyota Body Seiko, which is a subsidiary of Toyota Auto Body, to Toyota Boshoku to make Toyota Body Seiko a subsidiary of Toyota Boshoku.”toyota-boshoku.com

1 source
toyota-boshoku.comNotice Regarding Acquisition of Shares of Toyota Body Seiko Co., LTD. (becoming a Subsidiary)｜News｜Toyota Boshoku CorporationToyota Boshoku CorporationDec 27, 2022

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

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