TOYO Corporation to Boost Stake in AeroGT Labs
TOYO (TYO:8151), a player in electronics and precision instruments, will increase its stake in AeroGT Labs Corporation through an investment by its unit, TOYOTech LLC, according to a Thursday filing on the Tokyo Stock Exchange.
The investment of nearly $92,360 will raise TOYOTech's shareholding from 49% to 55%.
AeroGT Labs, based in California, specializes in Over-The-Air (OTA) measurement solutions and is a joint venture with General Test Systems. This move aims to strengthen TOYOTech's position in the US automotive OTA market.
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