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AUNDE Achter & Ebels GmbH completed its capital investment in TB Kawashima Co., Ltd., acquiring an 80% stake. The company has been renamed AUNDE Boshoku Co., Ltd. effective November 1, 2024.
The European Commission approved the acquisition of joint control of TB Kawashima Co., Ltd. by Toyota Boshoku Corporation and Aunde Group SE. TBKA was previously solely controlled by TB.
AUNDE Achter & Ebels GmbH will acquire an 80% stake in TB Kawashima Co., Ltd., a subsidiary of Toyota Boshoku Corporation, to expand their partnership in automotive technical textiles. The deal is subject to antitrust approval.