OpenUp Group has acquired Asebu Holdings to expand its operations in the automotive development sector.
Target Information
The OpenUp Group (Ticker: 2154), a company primarily focused on dispatching engineers, has announced its acquisition of Asebu Holdings, a Nagoya-based company. This strategic move aims to expand OpenUp Group's presence in the automotive sector. Asebu Holdings operates as a holding company and includes subsidiaries such as Asebu Plus and E-Tech, both of which are engaged in automotive development contracting.
Asebu Plus reported a revenue of ¥1.68 billion and an operating profit of ¥290 million for the fiscal year ending March 2025. E-Tech, on the other hand, generated ¥373 million in revenue with an operating profit of ¥16 million in the same period.
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Industry Overview
The automotive industry in Japan is a critical part of the national economy, being one of the largest manufacturers of vehicles globally. The sector is characterized by intense competition among both domestic and international players and is known for its focus
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