Samvardhana Motherson has acquired Japan's precision component manufacturer Atsumitec for $57 million, securing a 95% stake, while Honda Motors retains 5%. This acquisition aims to enhance Samvardhana's business with Japanese OEMs and expand into new product lines and markets, including Vietnam. Atsumitec specializes in high-precision machined components for both four-wheelers and two-wheelers, with an expected FY24 turnover of $412 million.
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