Samvardhana Motherson International’s step-down subsidiary -- Samvardhana Motherson Automotive Systems Group B.V., Netherlands, has entered into an agreement to acquire 100% stake in SAS Autosystemtechnik GmbH, Germany from Faurecia, a company of the FORVIA Group.
The objective of the acquisition is to enhance integration in the automotive supply chain thereby increasing customer proximity and product diversification across customers, products and geography with increased exposure to electric vehicle programs.
Samvardhana Motherson International is one of the world’s leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.
