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.

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.

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