Uno Minda, India acquires 49% stake in Minda Nabtesco Automotive On September 26, Uno Minda Limited acquired a 49% stake in Minda Nabtesco Automotive Private Limited (MNAPL) from Nabtesco Automotive Corporation, Japan, for a total consideration of INR 13 million. With this acquisition, MNAPL has become an associate of Uno Minda Limited. Minda Nabtesco Automotive is engaged in the business of designing, developing, and manufacturing all classes an...

News  Updated at: 2024/09/27

Uno Minda, India to acquire 49% stake in Minda Nabtesco Automotive On September 2, Uno Minda Limited announced that its board of directors has approved the acquisition of 49% equity shares of Minda Nabtesco Automotive Private Limited from Nabtesco Automotive Corporation (NAM), Japan. The total cost of acquisition stood at INR 13 million and will be completed by the quarter ending December 31, 2024. Post-acquisition, the target entity shall become...

News  Updated at: 2024/09/03

Uno Minda, India to increase its stake in Toyoda Gosei and Minda Nabtesco JVs Uno Minda Limited announced that its board had approved the acquisition of 1.97% equity shares of Toyoda Gosei Minda India Private Limited from Minda Investments Limited. Post-Acquisition the resultant shareholding of the company shall be 49.90%. The JV company is engaged in the manufacturing of automotive safety systems like airbags, fuel caps, and Weather-strip Seali...

News  Updated at: 2024/05/24

Nabtesco establishes joint company in China for commercial vehicle equipment Nabtesco Corporation (Nabtesco) announced that its consolidated subsidiary, Nabtesco Automotive Corporation (Nabtesco Automotive) jointly established Nabtesco Automotive (Shanghai) Co., Ltd. with Ningbo Heli Mould Technology Co., Ltd. (Heli Mould Technology) on November 8, 2021. The new company is capitalized at JPY 105 million, with Nabtesco Automotive holding 51% and H...

News  Updated at: 2021/11/11

Nabtesco to collaborate with U.S. power electronics development start-up Nabtesco Corporation announced that its corporate venture capital fund, Nabtesco Technology Ventures L.P., has invested in Rhombus Energy Solutions Inc. (Rhombus). Rhombus is a U.S.-based start-up established in 2012 that develops bidirectional DCDC converters with power semiconductors, high-capacity fast chargers for V2G applications in commercial vehicles and electronic co...

News  Updated at: 2020/09/17

Nabtesco supplies actuators for suspension of Audi A8 Nabtesco Corporation announced that OVALO Gmbh which is its consolidated subsidiary in Germany has been selected as the supplier of the actuators for Predictive Active Suspension available in AUDI A8 2020 models. With the actuators developed and manufactured by OVALO each wheel can be driven individually into compression and rebound. This enables the active suspension to control vehicle’s bo...

News  Updated at: 2019/11/25

Nabtesco's German subsidiary Ovalo to start a joint project with Audi Nabtesco announced that its German subsidiary Ovalo has started a joint project with Audi. Ovalo, with its core competence in the area of compact reduction gear (wave gear), motor design and software development for automotive products, made a proposal for a product concept based on its strength, which resulted in a joint project with Audi. (From a press release on August 6, 20...

News  Updated at: 2018/08/06

Nabtesco to establish European holding company Nabtesco Corporation announced that it has established European holding company “Nabtesco Europe GmbH” in Limburg, Germany. The new company is capitalized at EUR 25,000. It was established on May 15, 2017. Main businesses are to holding share of European subsidiaries, asset control, managing operation of European subsidiaries. (From a press release on May 16, 2017)...

News  Updated at: 2017/05/16

Nabtesco completed Ovalo GmbH acquisition Nabtesco Corporation announced that it has completed the acquisition of 100% share in Ovalo GmbH on March 1, 2017, in accordance with the Share Purchase Agreement dated December 21, 2016, with INTERGLOBAL Industrieholding GmbH. Ovalo GmbH has become Nabtesco’s consolidated subsidiary. (From a press release on March 2, 2017)...

News  Updated at: 2017/03/02

Nabtesco to acquire Ovalo, Germany-based mechatronic system supplier Nabtesco Corporation announced that it has entered into a definitive agreement to acquire a 100% share in Germany-based Ovalo GmbH for approximately EUR 82 million in cash. The transaction is expected to close at the end of February 2017. Ovalo serves German car OEMs as a Tier 1 supplier by supplying chassis system and engine system equipment. Nabtesco believes this acquisition ...

News  Updated at: 2017/01/31

Nabtesco to acquire two German compressor manufacturers Nabtesco Automotive Corporation announced that it has signed an agreement to acquire full ownership of Germany-based compressor manufacturers for commercial vehicles, ITG Serienfertigung Fahrzeugteile GmbH (ITG-S) and ITG Kompressoren GmbH (ITG-K). This acquisition is scheduled to be completed in May 2016. ITG-S and ITG-K have 80 employees in total and supply their products to Daimler, MAN,...

News  Updated at: 2016/04/05

Nabtesco Automotive relocates plant in Thailand Nabtesco Automotive Corporation announced that its Thai subsidiary, Nabtesco Automotive Products (Thailand) Co., Ltd., has constructed a new plant in Samutprakarn and relocated its existing plant to this new site. (From a press release on October 20, 2014)...

News  Updated at: 2014/10/20

Nabtesco opens new engineering center in Japan Nabtesco Corporation announced that it has opened the Nabtesco Digital Engineering Center (NDEC) at its plant in Kobe, Japan. Under the CAE & Materials Department of the company's Technology and R&D Division, the new facility will initially install stereolithography rapid prototyping machines manufactured by CMET Inc., Nabtesco's group company. Initially using plastic 3D printers, the company will ch...

News  Updated at: 2013/11/01

Nabtesco to form JV with NK Minda Group in India Nabtesco Corporation announced that it has signed an agreement with NK Minda Group, an Indian automotive supplier, to establish a new joint venture in India in January 2013. The new company “Minda Nabtesco Private Limited” will design, manufacture, and sell brake parts for commercial vehicles as well as clutches for passenger cars for supplying to local automakers. Capitalized at 373 million ru...

News  Updated at: 2012/12/07

Nabtesco to partly transfer to Thailand production of commercial vehicle brake components Nabtesco Corporation will change its production structure for automotive equipment. Specifically, the company will transfer part of its operations for manufacturing commercial vehicle brake parts in Japan to its subsidiary in Thailand. By making more effective use of the existing facility, the company aims to enhance profitability of its vehicle equipment bu...

News  Updated at: 2010/05/17

Nabtesco establishes a new company to restructure its automotive business Nabtesco Corp., Tokyo, Japan has established on Dec. 1 a 100% subsidiary, Nabtesco Automotive Corp., in order to transfer its automotive business. It is a part of its restructuring efforts on the automotive business aimed at earnings stability. Transfer of the business to the new company will be effective as of March 1, 2010. Nabtesco Automotive is capitalized at 450 millio...

News  Updated at: 2009/12/03

Nabtesco establishes a new company to restructure its automotive business Nabtesco Corp., Tokyo, Japan has established on Dec. 1 a 100% subsidiary, Nabtesco Automotive Corp., in order to transfer its automotive business. It is a part of its restructuring efforts on the automotive business aimed at earnings stability. Transfer of the business to the new company will be effective as of March 1, 2010. Nabtesco Automotive is capitalized at 450 millio...

News  Updated at: 2009/12/03

Nabtesco to spin off auto parts business Nabtesco Corporation announced it will spin off its automobile related business by March 2010. A wholly-owned new company will be established by the end of this year to take over the operations of automobile-related products at the Yamagata Plant in Murayama, Yamagata Prefecture and Nabtesco Automotive Thailand. No decision has yet been made on the company's name and president. Meanwhile, Nabtesco will wit...

News  Updated at: 2009/09/02

Nabtesco to spin off auto parts business Nabtesco Corporation announced it will spin off its automobile related business by March 2010. A wholly-owned new company will be established by the end of this year to take over the operations of automobile-related products at the Yamagata Plant in Murayama, Yamagata Prefecture and Nabtesco Automotive Thailand. No decision has yet been made on the company's name and president. Meanwhile, Nabtesco will wit...

News  Updated at: 2009/09/02

Nabtesco Corporation has sold its entire stake in P.T. Pamindo Tiga T ("Pamindo"), its equity method affiliate based in Jakarta, Indonesia. Pamindo engages in the manufacturing and sale of automobile/motorcycle parts as well as the repair and maintenance of textile machinery. Nabtesco sold a 18.0% stake in the Indonesian affiliate back in March 2007 and disposed the remaining shares, which accounts for 32.9% of all the shares issued and outstandi...

News  Updated at: 2008/01/31