# Samvardhana Motherson International to acquire 81% stake in Yachiyo's four-wheeler business

Samvardhana Motherson International Ltd, via its wholly-owned subsidiary SMRP BV, has agreed to acquire an 81% stake in Yachiyo Industry Co.'s four-wheeler business, forming an 81:19 joint venture with Honda Motor. The transaction follows Honda's tender offer to make Yachiyo a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2023-07-04
- Where: Japan
- Value: $159.0M (23.0B JPY)
- Status: announced
- Products: sunroofs, fuel tanks, resin products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Honda Motor Co., Ltd.](https://endata.com/companies/16181.md) (partner)
- [Yachiyo Industry](https://endata.com/companies/29228.md) (target)
- [Samvardhana Motherson International Limited](https://endata.com/companies/65550.md) (acquirer)
- [Honda Motors Co., Ltd.](https://endata.com/companies/71241.md) (partner)

## Sources

- [businesstoday.in](https://www.businesstoday.in/markets/stocks/story/stock-to-watch-samvardhana-motherson-international-arm-to-acquire-81-stake-in-yachiyos-4w-biz-388164-2023-07-04), 2023-07-04: "The global partnership with Honda Motor will give Samvardhana Motherson International access to strong R&D capabilities, help it foraying into global sunroof market and give Significant synergies with existing business and operations."
- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/motherson-to-buy-81-stake-in-honda-motor-arm-yachiyo-industry/101490472), 2023-07-04: "Motherson will form an 81%:19% strategic partnership with Honda Motor where both the partners will drive the company towards a strong and sustainable future and be fully prepared for next-generation products and technologies."
- [legaldesire.com](https://legaldesire.com/hogan-lovells-advises-motherson-on-its-agreement-with-honda-motors-to-acquire-an-81-percent-stake-in-yachiyo-industry/), 2023-07-04: "We are proud to be representing Motherson on this landmark transaction for the company and its emerging global partnership with Honda Motors."
- [businesstoday.in](https://www.businesstoday.in/markets/company-stock/story/samvardhana-motherson-share-price-target-at-rs-120-analysts-bullish-on-yachiyo-deal-heres-why-388248-2023-07-05), 2023-07-05: "Samvardhana Motherson International will acquire 81 per cent equity in remaining Yachiyo 4W business, thereby forming an 81:19 Joint Venture with Honda Motor."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/markets/stocks/news/samvardhana-motherson-shares-jump-over-8-hit-52-week-high-on-acquisition-of-stake-in-honda-motor-arm-yachiyo/articleshow/101505686.cms), 2023-07-05: "The transaction is valued at 22.9 billion Japanese yen ($158.54 million), it said."
- [insights.dsij.in](https://insights.dsij.in/dsijarticledetail/this-automotive-company-enters-in-a-partnership-with-honda-motor-to-acquire-81-per-cent-stake-in-its-subsidiary-31493), 2023-07-05: "Samvardhana Motherson International Limited (SAMIL) is set to acquire an 81 per cent equity stake in Yachiyo Industry Co., Ltd, a Japanese company listed on the Tokyo Stock Exchange."

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