Japan's Stanley Electric signs capital alliance agreement with Honda
September 27, 2022 at 03:08 am EDT
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TOKYO (Reuters) - Japan's Stanley Electric has signed a capital and business alliance with Honda Motor Co to facilitate next-generation technologies for vehicles, it said on Tuesday.
Stanley Electric will transfer 7.5 million of its shares to Honda for 2,534 yen ($17.57) per share, the company said in a statement.
The two companies aim to decarbonise the supply chain, consolidate parts and improve the efficiency of product development.
($1 = 144.2500 yen)
(Reporting by Satoshi Sugiyama, Editing by Louise Heavens)
Stanley Electric Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive equipment products, component products and electronic applied products. The Company operates through three segments. The Automotive Equipment segment mainly manufactures automotive lighting products, which are sold to automobile manufacturers. The Components segment mainly manufactures electronic device products that are sold to manufacturers related to electrical machinery and automobiles. The Electronic Applied Products segment mainly manufactures electronic applied products such as units and modules that meet the specifications of customers, such as liquid crystal backlights, and operation panels that are sold mainly to electrical equipment, automobiles, and automobile-related manufacturers. In addition, the Company is also engaged in business activities such as promotion of employment of people with physical disabilities and financial and management services for groups.
STANLEY ELECTRIC CO., LTD. 
