Tag: Ichikoh Industries

Motherson to acquire mirror business of Ichikoh Industries

Samvardhana Motherson Automotive Systems Group BV (SMRPBV), through its Vision systems division, has entered into an agreement with Ichikoh Industries (a subsidiary of Valeo SE) in Japan to buy 100% stake of its mirror business at an Enterprise Value of JPY 5.2 Bn. The transaction includes Ichikoh’s mirror business (development and manufacturing of automotive mirrors…