Sanyo Kogyo (Akashi) provides engineering staffing and motorcycle exterior-part polishing services. It has acquired an auto-parts manufacturer in Tokyo, bringing its total number of M&A transactions to 12. The company acquired all shares effective 30 September, while the purchase price was not disclosed.
Sanyo Kogyo announced on the 2nd that it had acquired Tamegai Seisakusho, an automotive-parts manufacturer. The acquisition involved acquiring all shares effective 30 September, and the target is the business entity responsible for manufacturing automotive parts. The announcement was issued as an official disclosure. The timing and terms of completing the remaining acquisition procedures have not been disclosed.
The purchase price was not disclosed, and the acquisition is viewed as part of the company's M&A strategy targeting small and medium-sized manufacturers. This brings Sanyo Kogyo's total number of M&A transactions to 12.
The company continues to pursue mergers and acquisitions of small and medium-sized manufacturers without successors, with the apparent aim of strengthening its manufacturing structure and technical capabilities. Further disclosures are awaited regarding future business development and the integration schedule.