Motherson Sumi Systems (MSSL), through its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has signed an asset sale and purchase agreement to acquire the activities of Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico (BT Ensambles Mexico) . MRS is part of the Motherson Rolling Stock Division which designs and manufactures electrical cabinets, power packs and electrical distribution systems for leading rolling stock manufacturers.
The transaction includes the transfer of assets, employees and inventories, on a debt-free and cash-free basis and is valued at around $10 million (subject to customary adjustments). The revenue of the said business was $25 million for calendar year 2019. The transaction is subject to customary closing events and expected to complete in Q4 FY20-21.
Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.
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