Acquisition

Lumax Auto Technologies has completed acquiring the remaining 15.97% equity stake in Lumax FAE Technologies Private Limited (LFAE). This key move makes LFAE a Wholly Owned Subsidiary, granting Lumax Auto Tech full control.

Crucially, Francisco Albero SAU (FAE) will continue providing technical support, ensuring expertise continuity.

This full integration is set to streamline operations, enhance strategic alignment, and consolidate Lumax Auto Tech's market position, reinforcing their commitment to the existing product portfolio and operational synergy.