Sumida Corporation's European subsidiary, VOGT electronic Miesau GmbH, will acquire 80% of Schmidbauer Transformatoren- und Gerätebau GmbH, a specialist in large-scale coil products for industrial sectors. The acquisition aims to expand Sumida's market presence in high-power applications.
Sumida, a global manufacturer of coil-related components, acquired Detroit-based Pontiac Coil for approximately $55 million to expand in North American automotive markets and advance automated manufacturing capabilities.
SUMIDA CORPORATION, through its subsidiary SUMIDA AMERICA HOLDINGS INC., acquired 100% of the shares of Pontiac Coil Inc., a developer and manufacturer of coils for the automotive industry with headquarters near Detroit, Michigan and a manufacturing facility in Searcy, Arkansas.