Case study on acquisition

Malaysian automobile manufacturer

Headquartered in Shah Alam, Selangor

Founded in 1983

Perusahaan Otomobil Nasional (English: National Automobile Enterprise).

Key person in the formation of this company: 1)Prime Minister, Dr. Mahathir Mohamad.2) Yahaya Ahmad

Key people :-Dato Syed Zainal Abidin (Managing Director)

Revenue RM8.23 billion MYR 2009 ▲

Net income RM240 million MYR 2009 ▲

Total assets RM7.52billion MYR 2009▲

PRESENT

42% of its equity is owned by a government-owned company Khazanah Nasional Berhad

Stake was jointly owned by Mitsubishi Motors Corporation

Mitsubishi Corporation sold its stake in that company.

HISTORY

Market share of over 60% in Malaysia

Lotus technologies is an ACBN Holdings (a company owned by the owner of Bugatti)

Proton has gained an additional source of engineering and automotive expertise.

In 1996, Proton acquired a 63.75% share

Lotus Group International Limited for £40,640,000.

This was later increased to 100% in 2003.

In December 2005, Proton purchased a majority share in MV Agusta of Italy at 70 million Euro.

MV Agusta was the manufacturer of MV Agusta, Husqvarna, and Cagiva motorcycles.

A year later, Proton sold off its 57.7% share in MV Agusta to Italy's GEVI Spa for a token of 1 Euro. Due to heavy debt by MV Agusta