JTEKT to acquire 100% stake in Toyo Seimitsu

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JTEKT Corporation, a manufacturer and seller of steering systems, driveline components, bearings, machine tools, electronic control devices, home accessory equipment, has agreed to acquire 100% stake in Toyo Seimitsu Industry Co., Ltd., engaged in manufacturing of differential gears, from Toyota Motor Corporation. All companies involved in the transaction are based in Japan.