# Apollo Funds to acquire majority stake in Panasonic Automotive Systems for ¥311 billion

Apollo-managed funds agreed to acquire a majority stake in Panasonic Automotive Systems from Panasonic Holdings at a total enterprise value of ¥311 billion. Panasonic will retain a minority stake.

- Type: Acquisition
- Announced: 2024-03-29
- Where: Japan
- Status: announced
- Products: integrated cockpit systems, in-vehicle electronics, infotainment systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md) (investor)
- [Apollo Global Management](https://endata.com/companies/3851.md) (acquirer)
- [Panasonic Automotive Systems](https://endata.com/companies/76520.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2024/03/29/2854634/0/en/apollo-funds-announce-strategic-partnership-with-panasonic-automotive-systems-a-leading-global-supplier-of-advanced-in-vehicle-technologies.html), 2024-03-29: "Apollo Funds have entered into a definitive agreement to acquire a majority stake in Panasonic Automotive Systems Corporation."

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