Samvardhana Motherson Automotive Systems Group B.V. entered into an agreement to acquire 81% stake in Yachiyo 4W (Y4W) Business from Yachiyo Industry Co., Ltd. (TSE:7298) on July 4, 2023. As of March 31, 2023, Yachiyo 4W (Y4W) Business reported Total Common Equity of JPY 9.2 billion and revenue of JPY 116.1 billion. October 13, 2023, the Tender Offeror received from Motherson notice that it completed obtaining China Clearance as of the same date. Jacky Scanlan-Dyas, Wataru Kamoto, Hiroto Imai, Carlos Ramos Miranda, Isabel Carvalho, Lu Zhou, Mochamad Kasmali, Eric Paroche and Viet Nguyen of Hogan Lovells acted as legal advisor and MUFG Bank, Ltd. acted as financial adviser to Samvardhana Motherson Automotive Systems Group B.V. The closing is now expected to be completed within March 2024.

Samvardhana Motherson Automotive Systems Group B.V. completed the acquisition of 81% stake in Yachiyo 4W (Y4W) Business from Yachiyo Industry Co., Ltd. (TSE:7298) on March 26, 2024.