Russian state entity NAMI said on Wednesday it had acquired a 100% stake in a factory producing anti-lock brakes and other systems for cars that were formerly owned by German technology group Robert Bosch.
NAMI, Russia's Central Automobile and Engine Research and Development Institute, has been snapping up assets from global carmakers that left Russia over its invasion of Ukraine.
NAMI has already taken over plants that were previously run by carmakers Renault, Nissan and Toyota.
The transaction price was not disclosed, but NAMI has picked up other assets for nominal fees.
"Previously, the company was engaged in the production of steering systems, anti-lock braking systems and electronic stability program systems," NAMI said in a statement.
NAMI said the 107 staff employed at the factory in the Samara region at the time of the transaction would continue to work and that it was working with Russia's industry and trade ministry to restart production in 2024, Reuters reports.
