SALE OF EQUITY STAKE IN ANGSTROM ELECTRIC LTDA.

STANLEY ELECTRIC CO. LTD. HAS ACQUIRED A MAJORITY EQUITY STAKE IN ANGSTROM ELECTRIC LTDA.

Birmingham, Michigan – January 15, 2025 – Angle Advisors is pleased to announce that Stanley Electric Co. Ltd. has acquired a majority equity stake in Angstrom Electric Ltda., a Brazilian manufacturer and supplier of automotive lighting components and a member of the Angstrom combined control group of companies operating in the United States, Mexico, and Europe (”Angstrom Group”).  Angle Advisors acted as the exclusive investment banking advisor to Angstrom Group’s ownership in completing the transaction.

Founded in 1939 and acquired by Angstrom Group’s holding company in 2023 from Federal-Mogul, Angstrom Electric Ltda. is a manufacturer and supplier of automotive lighting components, specializing in head lamps, tail lamps, turn signal lamps, and interior lighting. The Company operates a manufacturing plant in Manaus, Brazil, as well as a research and development center in São Paulo, Brazil.

By acquiring an equity stake in Angstrom Electric Ltda., Stanley will be able to supply competitive products to motorcycle manufacturers concentrated in Manaus. Furthermore, by utilizing the technology center owned by Angstrom Electric Ltda., Stanley will establish a comprehensive system in Brazil for all processes from design and development to production of automobile and motorcycle lighting equipment targeting South America.

“Angstrom is excited to partner with Stanley to support the growth of our lighting business in Brazil with the latest LED technology,” said Nagesh Palakurthi, CEO of Angstrom Group. “We appreciate the Angle Advisors team’s support and guidance in completing this transaction.”

Angstrom Group is a leading Tier 1 full-service supplier to the Automotive industry. Its companies produce products covering virtually every area of vehicle construction including Steering and Suspension, Chassis, Body-In-White, Sound Dampening (NVH), Interiors, Engine, Driveline, Powertrain, and Electrical through multiple divisions across North America and internationally. For additional information, please visit www.angstrom-usa.com.

Stanley Electric Co., Ltd., headquartered in Tokyo, Japan, specializes in the development and production of automotive and electronic lighting systems. The company is a leading provider of LED and other light bulbs for vehicles, offering products such as headlamps, tail lamps, fog lights, sensors, and automotive accessories. For additional information, please visit www.stanley.co.jp.

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 288 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.