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Tag : Motherson Sumi

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Motherson Sumi Signs Strategic Agreement to Acquire Bombardier’s Electrical Wiring Interconnection Systems Business

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The transaction includes the transfer of assets, employees and inventories, on a debt-free and cash-free basis and is valued at around USD 10 million approximately. (subject to customary adjustments). October 20, 2020 Auto component major Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L.......
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Motherson Sumi Explores for New Acquisition Prospects at Low Valuations

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Motherson Sumi Systems (MSSL), the leading global automotive component manufacturing company, has announced its preparedness to tackle the Covid-19 impact, and is exploring growth opportunities that lie ahead. April 17, 2020 According to the media reports, Motherson Sumi has taken a holistic approach to protect the interest of various stakeholders......

Motherson Sumi buys Stoneridge’s wiring harness biz for $65.7 mn

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May 27, 2014 Auto component manufacturer Motherson Sumi Systems Ltd (MSSL) has entered into an agreement to acquire Stoneridge Inc’s wiring harness business for $65.7 million. The acquisition is expected to close in the third quarter of 2014 and the acquired company has a turnover of nearly $300 million. In......
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