Motherson Samvardhana makes a $57 million pact to acquire a 95% stake in Japan-based Atsumitec,

Samvardhana Motherson Group (SMG) has agreed to acquire a 95% stake in Japan’s Atsumitec Co Ltd for $57 million. The deal is expected to expand SMG’s presence in the Japanese market and weaken the country’s fixed-income traders. Atsumitec, a provider of manufacturing and maintenance services, will continue to operate independently and maintain its relationships with existing clients. The acquisition is part of SMG’s strategic expansion in Asia, particularly in Japan. The company aims to leverage Atsumitec’s expertise and network to increase its presence in the region. The acquisition is subject to regulatory approval and is expected to be completed by the end of 2023. SMG is a leading Indian conglomerate with a diverse portfolio of businesses, including automotive, aerospace, and healthcare services. The company has been actively expanding its global footprint through strategic acquisitions, with a focus on high-growth markets like Asia.