Posco Holdings to accept third-party share allocation from Posco Future M South Korea’s Posco Holdings Co., Ltd. announced that it will participate in the third-party share allotment of Posco Future M Co., Ltd. Posco Holdings will invest KRW 525.6 billion (JPY 52.56 billion) to acquire the full amount of the new shares based on its 59.7 % stake in Posco Future M. Posco Future M will use the additional fund to boost production capacities at its ...

News  Updated at: 2025/05/27

Ikuyo to acquire aluminum die-cast maker Tamadai Ikuyo Co., Ltd. (Ikuyo) announced that it will acquire Tamadai Co., Ltd. (Tamadai, Kaisei Town, Kanagawa Prefecture), a company that manufactures aluminum die-cast products. Ikuyo will sign a share transfer agreement with Tamadai’s Chinese parent company, Dalian Jinwen Metal Products Co., Ltd., to acquire a 100% stake on May 31 in exchange of JPY 303 million. Needs for the reduction of the weight...

News  Updated at: 2025/05/26

EV Electra to acquire HiPhi, China On May 19, the founder of EV Electra, in a social media update, announced its company's involvement in HiPhi’s restructuring. He did not disclose specific details. In a separate press release, on May 22, 2025, EV Electra announced that it recently took over a renowned Chinese electric vehicle brand once dubbed the “Maybach of EVs.” This luxury automaker brought with it a legacy of premium design and engine...

News  Updated at: 2025/05/23

HSCL, India invests in International Battery Company, US On May 22, Himadri Speciality Chemical Ltd (HSCL) announced a strategic investment of USD 4.43 Million to acquire a 16.24% stake in International Battery Company, Inc (IBC), a U.S. headquartered technology developer and manufacturer of chemistry-agnostic prismatic Lithium-ion (Li-ion) cells. The partnership will combine Himadri’s advanced anode and cathode materials with IBC’s prismatic...

News  Updated at: 2025/05/23

HI-LEX to make Mitsui Kinzoku ACT a subsidiary HI-LEX Corporation (HI-LEX) announced that its board of directors has decided to acquire all shares of Mitsui Kinzoku ACT Corporation (Mitsui Kinzoku ACT), making it wholly owned subsidiary. By integrating the products and technologies of both companies, HI-LEX expects to contribute to technological innovation and new value creation for automotive doors and also expect to be able to provide high-qual...

News  Updated at: 2025/05/20

Kyowa Leather signs MOU to make fabric supplier a subsidiary Kyowa Leather Cloth Co., Ltd. (Kyowa Leather) announced that it will sign a MOU to acquire all shares of Toho Seni K.K., a supplier of fabrics, making it a subsidiary. Toho Seni is engaged in the development of various fabrics. By acquiring the development capabilities of Toho Seni, Kyowa Leather intends to improve development speed and achieve further cost reduction. Also, the company ...

News  Updated at: 2025/05/20

ent was made by the terms of the share purchase agreement (SPA) executed with the minority shareholders. With this transaction, Maxwell has become a wholly owned subsidiary of the company. This acquisition follows the company’s earlier announcement dated May 8, 2025, wherein it disclosed plans to acquire the remaining stake in Maxwell to consolidate its ownership. Maxwell is in the business of embedded electronics, particularly in battery manag...

News  Updated at: 2025/05/19

Lumax Auto Technologies to acquire remaining 25% stake in IAC India On May 16, Lumax Auto Technologies Limited announced that its board of directors has approved the acquisition of the remaining 25% shareholding in IAC International Automotive India Private Limited (IAC India) from its existing shareholder, IACG Holdings LUX SARL (IAC Lux). The acquisition will be executed through a share purchase agreement involving Lumax Auto Technologies, IAC ...

News  Updated at: 2025/05/19

Autoneum acquires Chengdu FAW-Sihuan Interior Parts, China Autoneum Holding Ltd. (Autoneum) has signed an agreement to acquire all shares of Chengdu FAW-Sihuan Interior Parts Co., Ltd., a Chinese automotive supplier of acoustic and thermal management components, for around CHF 16 million. The transaction is expected to close in July 2025. Established in 2011, Chengdu FAW-Sihuan Group operates 4 production facilities with around 240 employees, loc...

News  Updated at: 2025/05/19

Nippon A&L to become subsidiary of Sojitz Sojitz Corporation (Sojitz Corporation) announced on May 15 that it will acquire shares of Nippon A&L Inc. (Nippon A&L, Chuo Ward, Osaka), a company that produces products such as SBR latex for lithium-ion battery (LIB) negative electrode binders, to make the company its consolidated subsidiary. Sojitz will acquire a total of 66.5% stake from Sumitomo Chemical Co., Ltd. and Mitsui Chemicals, Inc. Through ...

News  Updated at: 2025/05/16

NSK to make NSK Steering & Control consolidated subsidiary NSK Ltd. (NSK) announced that it will conclude a share purchase agreement with Japan Industrial Solutions III Investment Limited Partnership (JIS) to acquire shares of NSK Steering & Control, Inc. (NS&C), currently an equity-method affiliate of NSK. As a result of the share acquisition, NS&C and its subsidiary, NSK Steering Systems Co., Ltd., will become consolidated subsidiaries of NSK. ...

News  Updated at: 2025/05/14

Geely Auto to merge with Zeekr On May 7, Geely Automobile Holdings Limited (Geely Auto) announced a plan to acquire all issued shares of Zeekr Intelligent Technology Holding Limited (Zeekr), in which it currently has an approximately 65.7% share. Upon completion of the acquisition, the two companies will be fully merged. As a key step in further implementing the Taizhou Declaration and deepening brand synergy, the acquisition will strengthen Geel...

News  Updated at: 2025/05/09

Suzhou Inovance Automotive Co., Ltd., along with its subsidiary Inovance Automotive (HK) Investment Co.,. Ltd. The manufacturing will be carried out by Uno Minda Auto Innovations Private Limited, a wholly owned subsidiary of Uno Minda Limited.  Under the JV agreement, Inovance Automotive (HK) will acquire a 30% equity stake in Uno Minda Auto Innovations Pvt. Ltd., subject to regulatory approvals. Until those approvals are received, Uno Minda wil...

News  Updated at: 2025/04/30

Lyft, US to acquire FREENOW from BMW Group and Mercedes-Benz Mobility On April 16, Lyft, Inc. announced that it has entered into a definitive agreement to acquire FREENOW, a leading European multi-mobility app with a taxi offering at its core, from BMW Group and Mercedes-Benz Mobility for approximately EUR 175 million in cash. The transaction is expected to close in the second half of 2025, subject to customary closing conditions. FREENOW will ke...

News  Updated at: 2025/04/17

Lotus Technology to acquire Geely’s 51% stake in Lotus UK On April 16, Lotus Technology (Lotus Tech) announced that Geely International (Hong Kong) Limited had exercised its put option on April 14, 2025, requiring Lotus Tech to acquire Geely’s 51% stake in Lotus Advance Technologies Sdn Bhd (Lotus UK). Lotus Tech plans to acquire the 51% stake in Lotus UK through a non-cash deal based on a pre-agreed price. Once the transaction is complete, ...

News  Updated at: 2025/04/17

Lucid to acquire Nikola’s plant, development center, hire 300 employees On April 11, the Lucid Group announced it has reached an agreement to acquire facilities and assets in Arizona previously belonging to Nikola Corp., subject to approval by the U.S. Bankruptcy Court for the District of Delaware.The transaction does not include the acquisition of Nikola's business, customer base, or hydrogen fuel cell electric truck technology. Lucid plans to...

News  Updated at: 2025/04/12

Sundaram Finance Holdings, India to further acquire 24.16% stake in Axles India On April 4, Sundaram Finance Holdings Limited (SFHL) announced that its board of directors has approved the acquisition of a 24.16% equity stake in Axles India Limited from foreign promoter Dana Global Products Inc. for a total consideration not exceeding INR 1.83 billion.  To facilitate the acquisition, SFHL will enter into a share purchase agreement (SPA) with Dana...

News  Updated at: 2025/04/11

MinebeaMitsumi to make friendly TOB for Shibaura Electronics MinebeaMitsumi Inc. (MinebeaMitsumi) announced on April 10 that the company would make a friendly takeover bid (TOB) for Shibaura Electronics Co., Ltd. (Shibaura Electronics), one of the leading sensor manufacturers in Japan. MinebeaMitsumi aims to receive approval from Shibaura Electronics and acquire 100% of the company's shares. The acquisition cost is expected to reach JPY 70 billio...

News  Updated at: 2025/04/11

), Yokowo aims to shift its focus from selling goods to selling solutions, and from a traditional retail business to a subscription-based business. To accelerate the move, it is hastening the development of technologies in demand, such as communication module technologies. As part of the efforts to acquire the necessary software technology for the move, Yokowo will take over the business from Koha. Yokowo said that it will expand the range of sof...

News  Updated at: 2025/04/08

LG Energy Solution to acquire Ultium Cells’ plant in Michigan, the U.S. Several South Korean media sources reported that LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., will acquire the third plant of Ultium Cells, a joint venture with General Motors Company (GM), which is being built in Michigan, the U.S. The company plans to acquire the plant on May 31, 2025. It explained that the purpose is...

News  Updated at: 2025/04/07