MAHLE Behr GmbH & Co. KG signed a memorandum of understanding to acquire Keihin Thermal Technology Corporation from Keihin Corporation (TSE:7251) on March 24, 2020. MAHLE Behr Japan K.K executed the share purchase agreement to acquire Keihin Thermal Technology Corporation from Keihin Corporation for ¥100 on October 23, 2020. MAHLE Behr Japan K.K will acquire 11 shares of Keihin Thermal Technology Corporation. For the year ended March 31, 2020, Keihin Thermal Technology Corporation reported total common equity of ¥8.7 billion, total assets of ¥14.8 billion, total revenue of ¥11.05 billion, EBIT of ¥295 million and net income of ¥1.3 billion. The transaction is expected to be completed on February 1, 2021. The deal is subject to anti trust approval. MAHLE Behr Japan K.K completed the acquisition of Keihin Thermal Technology Corporation from Keihin Corporation (TSE:7251) on February 1, 2021. The antitrust authorities have given their approval.