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Niterra
Niterra to withdraw from U.S. automotive aftermarket electronic components business
Niterra Co., Ltd. announced on August 10 that it will withdraw from the automotive components business of its U.S. subsidiaries Wells Vehicle Electronics, L.P. In connection with the withdrawal, Wells Vehicle Electronics, L.P. transferred its procurement, manufacturing and sales business for automotive aftermarket el
Niterra to close Nagoya Plant
Niterra Co., Ltd. (Niterra) announced that it will close its Nagoya Plant in Aichi Prefecture, Japan. The company plans to close the plant in 2025 after the termination of production activities in February 2025. The land and buildings will be divested by the end of 2025.
The Nagoya Plant was established as the former
Niterra to acquire Toshiba Materials
Niterra Co., Ltd. (Niterra) announced that it will acquire all the shares of Toshiba Materials Co., Ltd. (Toshiba Materials), a wholly owned subsidiary of Toshiba Corporation (Toshiba). The transaction is scheduled to be completed on May 30, 2025. Both companies made a decision on the share acquisition based on the j
Niterra to invest JPY 50 billion in TOB for Toshiba
Niterra Co., Ltd. (Niterra) announced that it will invest JPY 50 billion in a tender offer for Toshiba Corporation (Toshiba). Niterra will take part in the fund which is managed and operated by Japan Industrial Partners Inc. (JIP) and invest JPY 25 billion. Also, Niterra will undertake subordinated bonds for JPY 25 b
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