r goals. Across our portfolio, we prioritize local manufacturing to support local customers," Thomas said. Bosch highlighted USD 2 billion in capital expenditures over the past five years in the U.S., more than 75% of its investments in the region.  The company expects to close its USD 8.1 billion acquisition of Johnson Controls International plc's residential and light commercial heating, ventilation and air-conditioning business in 2025. Bosch...

News  Updated at: 2025/05/21

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-quality products and secure high supply capacity. After acquisition of the shares, HI-LEX intends to generate synergies in technology, development, sales and marketing both in Japan and overseas, with Mitsu...

News  Updated at: 2025/05/20

res 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 sees the acquisition will contribute to realizing its long-term vision and medium-term management plan which Kyowa Leather announced in May 2024. While the con...

News  Updated at: 2025/05/20

Endurance Technologies, India completes acquisition of remaining 38.5% stake in Maxwell On May 16, Endurance Technologies Limited announced that it has remitted the full purchase consideration of approximately. INR 75 million for the acquisition of the remaining 38.50% equity stake in Maxwell Energy Systems Private Limited (Maxwell). This payment was made by the terms of the share purchase agreement (SPA) executed with the minority shareholders. ...

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

4, the Group generated preliminary revenue of around CHF 27 million, with strong growth projected in the coming years. The Group will continue operating under its Chinese company names while being fully integrated into Autoneum’s Business Group Asia to leverage synergies. Together with the recent acquisition of Jiangsu Huanyu Group, this transaction expands Autoneum’s Business Group Asia customer base to include other major Chinese vehicle ma...

News  Updated at: 2025/05/19

Tuopu Group completes acquisition of Changpeng Auto Ningbo Tuopu Group Co., Ltd. (Tuopu Group) completed the delivery of and corporate registration information amendments to its acquisition of 100% equity in Wuhu Changpeng Auto Parts Co., Ltd. (Changpeng Auto). The acquisition, at a total transaction value of CNY 330 million, is expected to increase Tuopu Group’s future sales by CNY 1.5-2 billion, further expanding the market share of its inter...

News  Updated at: 2025/05/19

and large-scale energy storage systems. The facility was purpose-built from the ground up to evaluate EV and industrial battery products during the research and development phases of battery manufacturing.  The new laboratory replaces a smaller leased facility that was part of UL Solutions’ 2024 acquisition of battery testing and simulation company BatterieIngenieure. It is UL Solutions’ first in the EU, solely focused on comprehensive batte...

News  Updated at: 2025/05/16

on 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 the acquisition, Sojitz aims to expand its business in the electric vehicle (EV) and storage battery markets by utilizing its global distribution company ...

News  Updated at: 2025/05/16

y Kingfa is planning to invest USD 84 million to expand its operations in Villa de Reyes, San Luis Potosí, Mexico. The project includes the construction of a manufacturing, R&D, and warehousing complex on a 15-hectare site in the Logistik III Industrial Park, with USD 15 million allocated for land acquisition. Kingfa, a global leader in plastic molding, aims to generate 500 direct jobs and enhance the regional supply chain. The facility will pro...

News  Updated at: 2025/05/16

LG Energy Solution purchases Ultium Cells’ plant in Michigan LG Energy Solution Ltd., an EV battery manufacturing subsidiary of LG Chem, has completely acquired the third electric vehicle (EV) battery plant under construction by Ultium Cells LLC in Lansing, Michigan, the U.S. Ultium Cells is a joint company between LG Energy Solution and General Motors Company of the U.S. This plant acquisition allows LG Energy Solution to secure its third ind...

News  Updated at: 2025/05/15

European Commission clears acquisition of Covestro by ADNOC On May 13, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Covestro AG of Germany by Abu Dhabi National Oil Company P.J.S.C. (‘ADNOC') of the UAE. The transaction relates primarily to the supply of chemicals and high-performance polymer materials, and solutions. The market investigation confirmed that ADNOC and Covestro mainly operat...

News  Updated at: 2025/05/14

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

hybrid, CNG, H-CNG, and biofuels. With a portfolio that spans internal combustion engine (ICE) powertrains, bio-fuel powertrains, and electric vehicle (EV) powertrains, SPRL stated that it is well-positioned to respond to the evolving demands of the automotive sector. The company is also exploring acquisition opportunities that offer strategic alignment with its automotive business and are expected to be value accretive. In a related update, the...

News  Updated at: 2025/05/09

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

its tender offer bid (TOB) for Makino Milling Machine Co., Ltd. (Makino Milling) was rejected by the Tokyo District Court on the same day. Regarding Nidec’s nonconsensual takeover bid for Makino Milling, Makino Milling is trying to lower Nidec’s shareholding ratio through the allotment of stock acquisition rights. Makino Milling commented on the decision that it was a reasonable judgment to recognize the company’s claims, but it is possible...

News  Updated at: 2025/05/09

KPIT Technologies, India acquires Caresoft Global’s engineering solutions business KPIT Technologies Limited announced the acquisition of the engineering solutions business of Caresoft Global, including 100% ownership of four international subsidiaries: Caresoft Global Technologies, Inc. (USA), Caresoft Engineering Services Ltd. (UK), CAREGLOTECH de RL de CV (Mexico), and OXI SRL (Italy). The acquisition is aligned with KPIT’s focus on the co...

News  Updated at: 2025/05/06

EU clears acquisition of Huf by Huf Holding and SODECIA, Portugal The European Commission has approved the acquisition of joint control of Huf Hülsbeck & Fürst GmbH & Co. KG and Huf Industrieverwaltung GmbH by Huf Holding GmbH & Co. KG and Sodecia Participações Sociais, S.G.P.S., S.A., under the EU Merger Regulation. The transaction relates to the development and production of motor vehicle parts. The Commission concluded that the notified tr...

News  Updated at: 2025/05/06

Samvardhana Motherson, India completes acquisition of Baldi Automotive, Brazil On May 3, Samvardhana Motherson International Limited announced that its wholly owned subsidiary, Samvardhana Motherson Automotive Systems Group B.V. (SMRP B.V.), has completed the acquisition of Baldi Industria E Comercio Ltda. On May 2, 2025. The transaction was executed through SMP Automotive Produtos Automotivos Do Brasil Ltda. (“SMP Brasil”), a 100% subsidiary...

News  Updated at: 2025/05/05

Tofaş completes acquisition of Stellantis Otomotiv and expands distribution agreement in Turkiye On April 30, Tofaş completed the acquisition of Stellantis Otomotiv Pazarlama A.Ş. (Stellantis Otomotiv) with a payment of EUR 400 million, subject to standard adjustments. Tofaş will pay further amounts based on 77.5% of the extra free cash flows generated by Stellantis Otomotiv over the next eight years, as outlined in the agreement. Additionall...

News  Updated at: 2025/05/02