Source disclosure: February 20, 2026
EXEDY Corporation [7278.T]
TOKYO, Feb 20 (Pulse News Wire) – EXEDY Corporation (7278.T) announced today that its board of directors decided to acquire Protean Electric Ltd. through a share purchase aimed at integrating the company's advanced in-wheel motor technology into its portfolio.
Protean Electric, based in Alton Road, Farnham, Surrey, UK, specializes in developing, producing, and selling in-wheel motors. The acquisition is expected to enhance EXEDY’s competitiveness in the automotive industry by addressing key challenges such as integrated control systems and the need for multidisciplinary expertise.
The deal involves purchasing 9,086,213 shares of Protean Electric for approximately €¥30 million, with the transaction scheduled to close on February 26, 2026. EXEDY expects the integration of Protean Electric to contribute significantly to its long-term strategic goals, particularly in adapting to the evolving landscape of electric vehicle technologies.
The company anticipates minimal impact on its fiscal year 2026 performance but will promptly update stakeholders if any significant changes arise.
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