Acquisition History / Toyota Tsusho Corporation / Elematec Corporation
Toyota Tsusho Corporation Acquires Elematec Corporation
Announced October 30, 2024 — $211.4M
What happened
Toyota Tsusho launched a tender offer on 30 October 2024 for its listed subsidiary Elematec, an electronic components and materials trading house, to make it wholly owned. The offer closed on 12 December 2024 with Toyota Tsusho holding 90.74% and Elematec heading for delisting. Consideration was JPY 31.558bn.
- Acquirer
- Toyota Tsusho Corporation
- Target
- Elematec Corporation
- Announced
- October 30, 2024
- Price
- $211.4M
- Industry
- Electronic materials and components trading
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Toyota Tsusho Corporation acquire Elematec Corporation?
Toyota Tsusho Corporation acquired Elematec Corporation on October 30, 2024. This was Toyota Tsusho Corporation's 1st publicly tracked acquisition out of 2 we have on record.
How much did Toyota Tsusho Corporation pay for Elematec Corporation?
Toyota Tsusho Corporation paid $211.4M for Elematec Corporation.
What does Elematec Corporation do?
Toyota Tsusho launched a tender offer on 30 October 2024 for its listed subsidiary Elematec, an electronic components and materials trading house, to make it wholly owned. The offer closed on 12 December 2024 with Toyota Tsusho holding 90.74% and Elematec heading for delisting. Consideration was JPY 31.558bn.
What other Electronic materials and components trading companies has Toyota Tsusho Corporation acquired?
Elematec Corporation is Toyota Tsusho Corporation's only publicly tracked acquisition in Electronic materials and components trading so far.
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