Stanley Electric have moved to buy shares in Angstrom Electric, who will become a Stanley subsidiary.
Stanley have a consolidated subsidiary, Stanley Electric do Brasil, in São Paulo state, Brazil, who make and supply vehicle lighting equipment to Japanese automakers.
In anticipation of the expanding markets for motorcycles and European and American automobile manufacturers in South America in the future, Stanley decided to acquire 75 per cent of the shares in Angstrom Electric, who have a production plant at Manaus, in Amazonas state and a technology centre in São Paulo.
By strengthening their base, Stanley will be able to supply competitive products to motorcycle manufacturers concentrated in Manaus. The Angstrom technology centre will facilitate Stanley establishing a comprehensive system in Brazil for all processes—from design and development to production of automobile and motorcycle lighting equipment for South American-built vehicles.
This acquisition is anticipated to have a minimal effect on Stanley’s consolidated financial results for the fiscal year ending March 2025.
