STOCKWATCH

Samvardhana Motherson International to Acquire 81% Stakes in Yutaka Giken Co., Ltd. for ~USD 184 Mn

Samvardhana Motherson International Limited (SAMIL) has received approval from its Board of Directors to acquire 81% stakes with voting rights in Yutaka Giken Co., Ltd. (YGCL), a Japanese company listed on the Tokyo Stock Exchange. The transaction also includes the acquisition of 11% stake in Shinnichi Kogyo Co., Ltd., a subsidiary of YGCL, and 100% of the shares and voting rights in Yutaka Autoparts India Private Limited from YGCL. The total expected cash outflow for the 81% shareholding is JPY ~27 (~USD 184 Mn). The acquisition is expected to strengthen SAMIL's global partnership with Honda and help expand its business with Japanese OEMs, potentially enabling the company to cross-sell Target's existing product portfolio to other OEMs, especially in emerging markets.

• SAMIL to acquire 81% stakes in Yutaka Giken Co., Ltd. for ~USD 184 Mn
• Acquisition also includes 11% stake in Shinnichi Kogyo Co., Ltd. and 100% of Yutaka Autoparts India Private Limited
• Yutaka Giken Co., Ltd. is a Japanese company listed on the Tokyo Stock Exchange
• Transaction expected to strengthen SAMIL's global partnership with Honda and expand its business with Japanese OEMs
• Yutaka Giken Co., Ltd. is engaged in production of metal components and assemblies for motors, drive systems, brake systems, and Thermal management systems