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WIRING HARNESS ACQUISITION
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- SAMIL in talks to acquire Nexans Autoelectric wiring harness biz at 207 mn euros enterprise valueAuto components giant SAMIL is set to expand its global reach in wiring harness solutions. The company is in exclusive talks to acquire the...
- Samvardhana Motherson arm to buy Cirma SAS for Rs 7.2 millionSamvardhana Motherson Automotive Systems Group BV (SMRPBV) has signed a binding undertaking to acquire a 100% stake in Cirma Entreprise fro...
- We have one of the largest Indian investments in Mexico: Vivek Chaand Sehgal, Chairman, Motherson Sumi"The demand is almost as good as pre-COVID times, almost in some countries, of course, there are one or two pockets here and there which co...
- MSSL signs strategic agreement to acquire Bombardier’s Electrical Wiring Interconnection Systems businessMRS is part of the Motherson Rolling Stock Division which designs and manufactures electrical cabinets, power packs and electrical distribu...
- Biz rejig takes care of all concerns of Motherson Sumi stakeholders: Vivek Chaand Sehgal‘Sumitomo wanted their focus only to be on the domestic wiring harness business for which this JV was set up 37 years ago.’
- We have recommended to vertically split Motherson Sumi: Vivek Chaand SehgalWe are trying to address the long-standing request from Sumitomo SA to simplify the company. The board would assess our recommendations and...
- Dhoot Transmission acquires Bengaluru’s San ElectromecDhoot Transmission has no immediate plans for further acquisitions but is open for any new opportunities.
- Dhoot Transmission set to buy UK’s Parkinson HarnessAcquiring UK-based Parkinson Harness Technology would be the third strategic venture by Aurangabad-based Dhoot Transmission in the past yea...
- Dhoot Transmission to sign equal joint venture with US’ CarlingThe plant is likely to come up at Dhoot Transmissions’ existing base in Aurangabad. The JV will aim to meet the requirements of the growing...
- Motherson Sumi lines up Rs 2,000 cr capex for FY18Besides organic growth, MSSL is also focusing on acquisitions across various geographies to scale up its operations.
- Motherson Sumi likely to foray into railways segment through PKC acquisitionPKC has over 20 manufacturing facilities across Russia, Lithuania, Serbia, Poland, Estonia, Finland, China, United States, Brazil and Mexic...
- Motherson Sumi wired for near-term earnings growth with Finland’s PKC buyMotherson has been so far supplying wiring harness mainly to passenger cars. The entry in the CV segment will expand its product portfolio.
- ET Profile: VC Sehgal & the art of M&A management“We have been studying this company for the last eight months and we became very sure that this company was worth going for so we brought t...
- Motherson Sumi rallies 4% on PKC’s acquisition for Rs 4,150 croreMotherson Sumi said it would make a voluntary, recommended public tender offer to acquire all the issued and outstanding shares and option ...
- Buy Motherson Sumi Systems, target Rs 390 : HSBCThe global brokerage firm believes that domestic car growth will benefit wiring harness business and fears from Samvardhana Motherson Refle...
- Rane Group to bank on local push in defence sectorThe Chennai-based company, which gets almost all its revenue from the sale of auto parts, expects sales from the sector to grow 10 times to...
- Samvardhana Motherson Group Chairman: Our strategies are more attuned to global marketsMotherson Sumi Systems, India’s largest automotive component maker, purchased US-based Stoneridge for $65.7 mn, to expand its customer base.
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