Samvardhana Motherson International has received an approval to acquire remaining 50% stake of Fritzmeier Motherson Cabin Engineering from F Holdings GmbH, Austria, subject to satisfactory completion of conditions precedent. Post completion of the transaction, Fritzmeier Motherson Cabin Engineering will become wholly owned subsidiary of the Company. The Board of Directors of the company at their meeting held on March 16, 2023 approved the same.
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.
