Shuguang Brake intends to acquire Bosch residual brake business

Dow Jones reported, Akebono Brake Industry Co., Ltd. (AKEBONOBRAKEINDUSTRY) on November 12, 2010, said the company plans to acquire the remaining Bosch brake business.

Dawning purchased Bosch 's partial brake business in North America for $10 million in 2009 and is now considering buying its remaining operations in Europe, Asia, Australia and Latin America. Through the acquisition, Dawning can increase its market share in emerging markets.

Sugon ’s current acquisition targets include Bosch's brake disc and brake drum business, and it is expected that the purchase price will reach around 80 billion yen. Dawn plans to take over the entire production plant and its employees. The specific time and price of this acquisition have not yet been determined.

As of March 2011, the sales of the Sugon Group are expected to reach 220 billion yen, but this acquisition or license will increase the sales of Sugon to 300 billion yen.

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