Longreach's bid for Fujitsu unit shows electric car potential

The private equity firm spots a key component maker in the value chain for electric cars. Its track record shows it has a knack for shedding light on non-core units of Japan's sprawling conglomerates.

Longreach's bid for Fujitsu unit shows electric car potential

North Asian buyout firm The Longreach Group said it would launch a tender offer to acquire common shares of car parts maker Fujitsu Component, after spotting potential for growth from the boom in electric vehicles at the hidden unit of the IT services’ giant Fujitsu.

Fujitsu Component makes switching devices called relays as well as touch panels and keyboards. Sales from these widgets are driving its sales growth, reflecting the increased usage of relays and...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: longreach | private equity | autos | japan

Print Edition

FinanceAsia Print Edition

EVENTS