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Motherson Sumi to Acquire Majority Stake in Turkey-based Plast Met Group

wirecableJanuary 19, 2021January 19, 2021

January 19, 2021January 19, 2021

This acquisition marks another step towards the growth and diversification of Vision Systems vertical and the group overall. January 18, 2021 Motherson Sumi Systems Ltd. has announced acquisition of 75 percent stake in two Turkish automotive parts manufacturing companies of the Plast Met Group through its subsidiary Samvardhana Motherson Reflectec......

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Motherson Sumi Explores for New Acquisition Prospects at Low Valuations

wirecableMay 2, 2020

May 2, 2020

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......

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

wirecableJuly 3, 2014July 15, 2021

July 3, 2014July 15, 2021

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......