Astemo, Ltd.
2026
Why
Consolidating to 61% stake for SDV goals.
Honda Motor Co., Ltd.
AutomotiveFounded 1948- HQ today: Tokyo, Japan
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Honda Acquisitions
5
Major Deals Covered
What are Honda's biggest acquisitions?
This page covers 5 major deals from 1986 to 2026, each with its price where disclosed and the reason behind it.
- Major deals covered
- 5
- First deal
- 1986
- Most recent
- 2026
| Company | Year | Price | Purpose |
|---|---|---|---|
| Montesa | 1986 | Undisclosed | Honda took control of the Spanish motorcycle maker Montesa, creating Montesa Honda to build trial and off-road motorcycles in Europe. |
| Astemo, Ltd. | 2026 | Undisclosed | Consolidating to 61% stake for SDV goals. |
| Keihin Corporation | 2020 | Undisclosed | Merged into Astemo. |
| Showa Corporation | 2020 | Undisclosed | Merged into Astemo. |
| Nissin Kogyo Co., Ltd. | 2020 | Undisclosed | Merged into Astemo. |
- What companies has Honda bought?
- Major acquisitions by Honda documented here include Astemo, Ltd. (2026), Keihin Corporation (2020), Showa Corporation (2020), Nissin Kogyo Co., Ltd. (2020) and Montesa (1986).
- What is Honda's most recent acquisition?
- The most recent Honda acquisition documented here is Astemo, Ltd., in 2026.
Keihin Corporation
2020
Why
Merged into Astemo.
Showa Corporation
2020
Why
Merged into Astemo.
Nissin Kogyo Co., Ltd.
2020
Why
Merged into Astemo.
Montesa
1986
Why
Honda took control of the Spanish motorcycle maker Montesa, creating Montesa Honda to build trial and off-road motorcycles in Europe.
Honda Motor Co., Ltd.'s Growth & Acquisition Strategy
Honda reset its electrification plan in 2026. In March it cancelled the US-built Honda 0 SUV, 0 Saloon and Acura RSX EVs, and in May it scrapped its 2030 and 2040 EV sales targets, including the goal of selling only battery-electric and fuel-cell vehicles by 2040. The new plan leans on hybrids, a next-generation e:HEV system, motorcycles in emerging markets, and more flexible EV timing. Honda still works with Sony on the AFEELA EV through Sony Honda Mobility and supplies Formula 1 power units to Aston Martin from 2026.
How Honda Motor Co., Ltd. Makes Money
Honda earns money in four reportable segments. Automobiles (Honda and Acura cars and light trucks, led by the CR-V, Civic, Accord and hybrid e:HEV models) generate most revenue, with North America the largest profit market. Motorcycles generate high-volume, high-margin sales, especially in India, Indonesia, Vietnam and Brazil, and posted record profit in FY2026. Financial Services earns interest and lease income from retail loans, leases and dealer financing, mainly in the United States. Power Products and Other covers generators, lawn equipment, outboard engines, the HondaJet and new businesses. Honda builds vehicles close to its customers, with major plants in the US, Canada, Mexico, Japan, China, India and Southeast Asia.
Honda Acquisitions FAQ
Has Honda Motor Co. historically grown through corporate acquisitions or organic R&D?
Honda has historically pursued an organic growth strategy, relying on in-house engineering and proprietary technological research rather than multi-billion-dollar corporate acquisitions, preserving its unique engineering culture and independent corporate identity.
What strategic joint-venture investments has Honda made in electric vehicle battery manufacturing?
Rather than outright acquiring battery manufacturers, Honda partnered with LG Energy Solution to invest $4.4 billion in a dedicated EV battery joint-venture manufacturing facility in Jeffersonville, Ohio, securing localized pouch-type lithium-ion battery cells for its North American EV hub.
What is Honda's equity investment and partnership with autonomous driving leader Cruise?
Honda made substantial equity investments and joint development commitments in Cruise LLC (alongside General Motors). Honda collaborated on developing the purpose-built 'Cruise Origin' autonomous shuttle and plans to launch commercial driverless ride-hail services in Tokyo, Japan.
How did Honda partner with General Motors on hydrogen fuel cell manufacturing?
Honda established Fuel Cell System Manufacturing LLC (FCSM) as a 50-50 joint venture with General Motors in Brownstown, Michigan. FCSM is the automotive industry's first full-scale joint venture dedicated to mass-producing advanced, cost-effective hydrogen fuel cell power systems.
What is Honda's co-development strategy with Sony under Sony Honda Mobility?
In 2022, Honda and Sony Corporation established Sony Honda Mobility Inc., a 50-50 joint venture company. The entity leverages Honda's vehicle manufacturing, chassis dynamics, and dealer network alongside Sony's artificial intelligence, entertainment software, and imaging sensor technologies to launch the AFEELA EV brand.
What technology startup investments does Honda pursue through Honda Xcelerator?
Honda Xcelerator Ventures operates as Honda's global open-innovation venture investment arm. It invests in and collaborates with early-stage startups working in quantum computing, advanced solid-state materials, artificial intelligence, robotics, carbon capture, and synthetic clean fuels.
How did Honda acquire internal complete ownership of Honda R&D subsidiaries?
In 2020, Honda completed an internal corporate restructuring by integrating the automobile product development division of its historically semi-autonomous subsidiary, Honda R&D Co., Ltd., directly into Honda Motor Co.'s automobile operations, unifying engineering design and commercial manufacturing.
What is the nature of Honda's strategic exploratory alliance with Nissan and Mitsubishi?
In 2024, Honda entered into a memorandum of understanding with Nissan Motor Co., later joined by Mitsubishi Motors, to jointly explore platform sharing, EV software operating system co-development, and battery standardization to achieve global scale against American and Chinese EV conglomerates.
What companies has Honda acquired?
Historically, Honda absolutely refuses to acquire other automakers, prizing their fierce independence. However, realizing they are severely behind in software and EVs, they have executed massive joint ventures. They partnered with General Motors to share EV battery platforms, and formed a massive joint venture with Sony (Sony Honda Mobility) to build the highly advanced "Afeela" electric car.
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