# Ikuyo to acquire Kunshan Veritas Automotive Systems in two stages

Ikuyo announced it will acquire 51% of Kunshan Veritas Automotive Systems Co., Ltd. by March 2025 and the remaining 49% by March 2030, from Veritas AG, making it a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2024-09-25
- Where: Kunshan, Jiangsu Province, China
- Status: announced
- Products: automotive plastic molded parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Veritas AG](https://endata.com/companies/56001.md) (target)
- [Ikuyo](https://endata.com/companies/80066.md) (acquirer)
- [Kunshan Veritas Automotive Systems](https://endata.com/companies/80067.md) (target)

## Sources

- [platinumpartners.jp](https://www.platinumpartners.jp/manews-20240925-ikuyo-kunshan-veritas.html), 2024-09-25: "取得価額については、公平性・妥当性を確保するため第三者算定機関による株式価値の算定結果を勘案し、当事者間で交渉中のため決定次第開示するとされている。"

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