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Rane Holdings to acquire NSK's 51% stake in Rane NSK Steering Systems · Endata

◂ Announcements

Jul 1, 2024ACQUISITIONIndia

Rane Holdings to acquire NSK's 51% stake in Rane NSK Steering Systems

Rane Holdings Limited approved the acquisition of a 51% stake from joint venture partner NSK Limited in Rane NSK Steering Systems Private Limited, making it a wholly-owned subsidiary to be renamed Rane Steering Systems Private Limited.

Status

Announced

Productsmanual steering columnselectric power steering columnsintermediate shafts

CompaniesNSK target Rane Group acquirer Rane NSK Steering Systems target

Sectors#Automotive Components

“This strategic acquisition is expected to bolster Rane Group's market position and enhance its capabilities in the steering systems sector.”mobilityoutlook.com

1 source
mobilityoutlook.comRane NSK Steering Systems Becomes Wholly-owned ...T MurraliJul 1, 2024

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

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Oct 20, 2017NEW FACILITYCheonan City, South Koreaops 20 Oct 2017
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