Motherson Sumi Systems (MSSL) has completed the acquisition of a majority stake in CIM Tools, one of the leading suppliers in the aerospace supply chain, based in Bengaluru, India. This milestone acquisition will mark MSSL’s entry into the aerospace industry.
MSSL will acquire 55% stake from the promoters of CIM Tools (CIM). CIM in turn will hold 83% in Aero Treatment (ATPL) and currently holds 49.99% in Lauak CIM Aerospace (JV with Lauak International, LCA). CIM, ATPL and LCA are hereinafter referred to as “CIM Group”.
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.
