# Koito to acquire Cepton for $3.17 per share

Koito Manufacturing Co., Ltd. signed a definitive agreement to acquire all outstanding shares of Cepton, Inc. not already owned, for $3.17 per share in cash. Cepton will operate as a privately held indirect subsidiary of Koito in the US.

- Type: Acquisition
- Announced: 2024-07-29
- Where: San Jose, California, United States
- Status: announced
- Products: lidar solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [KOITO MANUFACTURING](https://endata.com/companies/56942.md) (acquirer)
- [Cepton](https://endata.com/companies/64293.md) (target)

## Sources

- [cepton.com](https://www.cepton.com/announcements/cepton-signs-definitive-agreement-to-be-acquired-by-koito), 2024-07-29: "I am excited about the next stage of Cepton's growth as we embark on a new journey together with Koito."

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