Worth reading
37Immaterial
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Improvement
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Conditional
How definitive the wording is.Agreements reached under this partnership
Establishment of a joint venture7278EXEDY Corporation
Alliance partnerFRAP S.p.A.
Capital and personnel relationships
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
Overview of the joint ventureName EXEDY FRAP S.r.l. / Location Bruino (Turin), Italy / Business Description Sale and distribution of components for the automotive aftermarket / Capital Contributions Not disclosed / Ownership ratio Not disclosed
About the partner
Business DescriptionManufacture of steering and suspension components for the automotive aftermarket and OEMs
LocationTurin, Italy
Alliance start date10 March 2026 (date of joint venture establishment)
| Item | Details |
|---|---|
| Name of alliance partner | FRAP S.p.A. |
| Alliance partner's business activities | Manufacture of steering and suspension components for the automotive aftermarket and OEMs |
| Alliance partner's location | Turin, Italy |
| Type of alliance | Establishment of a joint venture |
| Overview of the joint venture | Name EXEDY FRAP S.r.l. / Location Bruino (Turin), Italy / Business Description Sale and distribution of components for the automotive aftermarket / Capital Contributions Not disclosed / Ownership ratio Not disclosed |
| Alliance start date | 10 March 2026 (date of joint venture establishment) |
Items this document does not state (17)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeDetails of the allianceNumber of shares acquiredAcquisition priceShareholding ratioOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateShare Acquisition Date and Payment DateImpact on Business PerformanceChange in major shareholders
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The joint venture was established as part of an initiative to expand the product lineup and enhance the value offered in the aftermarket. EXEDY aims to build a structure capable of responding quickly to diverse needs around the world by combining its global sales network with FRAP's product development capabilities.
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