Grupo Fujikura has acquired a 60% stake in ACE Automotive Group

Fujikura, Ltd., the listed Japanese fiber products and electronics components manufacturer for all industries, mainly automotive, communications and energy, has acquired a 60% stake in ACE Automotive Group, the Spanish family-owned manufacturer of automobile wiring harnesses and related products, for a total consideration of approximately JPY 10bn (EUR 67.3m).

Oquendo Corporate has acted as the exclusive financial advisor of the shareholders of ACE Automotive Group in the sale process, developing the activities such as preparation of documents for the buyer, due diligence coordination and assistance during the negotiation and final closing.

Oquendo Corporate has acted as advisor of the seller.