Samvardhana Motherson Automotive Systems Group B.V., Netherland (SMRP B.V.), a material subsidiary of Samvardhana Motherson International (formerly Motherson Sumi Systems) has acquired additional 1.55% shares of Samvardhana Motherson Reflectec Group Holdings (SMR Jersey) from an independent third party at Euro 18.4 million. After acquisition of aforesaid 1.55% stake, SMR Jersey has become 100% subsidiary of SMRP B.V.
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.
