India’s Motherson Sumi Buys France-Based Reydel Automotive For $201M

Motherson Sumi Systems Ltd, the flagship company of the Samvardhana Motherson Group, on Monday said it has agreed to acquire Reydel Automotive Group for $201 million.

France-based Reydel, a privately held company controlled by buyout firm Cerberus Capital Management LP, manufactures interior parts of vehicles for customers.

Reydel has 20 manufacturing capacities in 16 countries and employs 5,650 people.

Reydel’s revenue for 2017 was $1.05 billion and operating profit was at $68 million, according to the press release issued by Motherson Sumi.

Reydel group counts French car makers Renault Groupe and Groupe PSA as customers.

With this acquisition, Motherson will expand its presence in countries such as Argentina, Croatia, Morocco and the Philippines.

According to Motherson Sumi, this will be the company’s 21st acquisition.

The company expects to complete the transaction in four to six months.

Read More.

Articles sur le même thème

No news available.

Evénements sur le même thème

Share this page Share on FacebookShare on TwitterShare on Linkedin