Samvardhana Motherson Ltd., a leading auto components manufacturer, has announced plans to acquire a 95% stake in Japan-based Atsumitec through an all-cash deal valued at $57 million. The transaction also includes the purchase of a 49% stake in Atsumitec Indonesia from Honda Motor on the day of the acquisition.
Atsumitec specializes in manufacturing high-precision machined components, including gear shifters, chassis, and transmission parts for two-wheelers and four-wheelers. The company operates nine facilities across seven countries, including Japan, China, the U.S., Mexico, Thailand, Indonesia, and Vietnam.
This acquisition enables Samvardhana Motherson to strengthen its presence with Japanese Original Equipment Manufacturers (OEMs) and diversify its portfolio by venturing into new product lines and markets, such as Vietnam’s two-wheeler segment. Additionally, the deal provides Samvardhana Motherson with access to Atsumitec’s global expertise in metalworking and machining technologies. Completion of the acquisition is subject to obtaining merger control clearance from Japan’s regulatory authorities.
Atsumitec Corporation is a global leader in the production of high-precision machined components for the automotive industry, specializing in gear shifters, chassis, and transmission parts for two-wheelers and four-wheelers. With a strong presence across nine facilities in seven countries, including Japan, China, the U.S., Mexico, Thailand, Indonesia, and Vietnam, the company serves a diverse range of Original Equipment Manufacturers (OEMs) worldwide. Atsumitec is known for its advanced manufacturing technologies and commitment to quality, catering to the evolving needs of the mobility sector while maintaining high standards of innovation and precision.
Samvardhana Motherson Group is a globally diversified automotive supplier, providing integrated solutions and a wide array of products to the automotive industry. With operations in over 40 countries, SMG serves some of the largest OEMs across the globe, offering components such as wiring harnesses, mirrors, polymer parts, and more.
Renowned for its customer-centric approach, the group continues to expand its footprint through strategic acquisitions and joint ventures, including the recent acquisition of Atsumitec. SMG’s dedication to innovation, sustainability, and operational excellence has positioned it as a trusted partner in the automotive industry.
