CarUX Holding has agreed to acquire all of the shares in Pioneer Corporation from global investment firm EQT. The purchase price reflects an equity value of ¥163.6 billion (approximately $1.1 billion).
This acquisition will enable CarUX to leverage Pioneer’s solid foundation in automotive sound systems to provide significant potential support for its growth strategy and become a Tier 1 supplier offering multiproduct platform for the automotive industry.
CarUX, headquartered in Singapore, is a pan-Eurasian Tier 1 automotive product supplier focused on the research, development, and production of intelligent cockpit solutions. Its core products integrate display technology with vehicle control systems to enhance the driving experience and safety.
The S&C core team includes Ching-Yang Lin, William Ma, Jordan Oreck, George Shen and Sean Lee. Chris Beatty, Paul Rota, Eleanor Chafer and Karina Poon are advising on financing matters. Juan Rodriguez, Axel Beckmerhagen and Daniela Hohwieler are advising on merger control matters. Eric Kadel, Manon Scales, Bradley Smith and Shane Palmer are advising on U.S. regulatory matters. Jameson Lloyd and Gregg Rader are advising on tax matters.