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Notice Regarding Expansion of South American Business Through Acquisition of Angstrom Electric Ltda.
Stanley Electric Co., Ltd. (Head Office: 2-9-13 Nakameguro, Meguro-ku, Tokyo; President: Yasuaki Kaizumi) is pleased to announce that it has agreed to acquire 75% of the shares in Angstrom Electric Ltda. and make it a subsidiary. Purpose of Acquisition Stanley has a consolidated subsidiary, Stanley Electric do Brasil Ltda. (hereinafter “SEB”), in São Paulo state, Brazil and has been focusing on the production and supply of automotive lighting equipment to Japanese OEMs. In anticipation of the expanding markets for motorcycles and Eur…
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