India, Jan. 29 -- The Carlyle Group Inc. (CG, CGABL), a Japanese investment firm, on Wednesday said it has agreed to sell Iwasaki Electric Co. Ltd., a provider of light sources, to Stanley Electric Co., Ltd. (6923.T, STAEF, STAEY), a manufacturer of automotive and electronic components, for undisclosed terms.
The transaction is expected to close by April 2026.
Carlyle acquired Iwasaki in 2023 and worked with management to strengthen the Lighting Solutions and Applied Optics and Environment Solutions businesses.
The company said the initiatives supported Iwasaki's transition from a legacy high-intensity discharge lamp business to LED solutions.
The shift also included moving from a product-centric to a solution-centric model, with Connec...