G-One Auto Parts de México, S.A. de C.V. announced that it expects to receive $30 million in funding from G-Tekt Corporation, H-One Co., Ltd..
G-One Auto Parts De Mexico, S.A. De C.V. announced that it will receive $30 million in an equity round of funding on May 14, 2015. The transaction will include participation from existing investors, G-Tekt Corporation and H-ONE CO., LTD. for $15 million each. The transaction is tentatively expected to close on May 29, 2015. On closing, the capital of the company will increase to $60 million. The transaction was approved at the board of directors meeting of G-Tekt Corporation.
On May 19, 2015, the company announced that the transaction has been approved in the board of directors meeting of H-One Co., Ltd.