Loading…
Hitachi Astemo, Ltd. will absorb its wholly owned subsidiary Hitachi Astemo Electric Motor Systems, Ltd. in an absorption-type merger effective April 1, 2024, to strengthen its electric powertrain strategy.
The Competition Commission of India approved a proposed combination where JICC-01 Limited Partnership will acquire 20% voting rights in Hitachi Astemo Ltd., Honda Motor Co. will increase its stake from 33.4% to 40%, and Hitachi Astemo will acquire 49% of Hitachi Astemo Electric Motor Systems.