Samvardhana Motherson International’s step-down subsidiary -- Samvardhana Motherson Automotive Systems Group B.V., Netherlands has acquired 100% stake in SAS Autosystemtechnik GmbH, Germany from Faurecia, a company of the FORVIA Group (hereinafter referred to as SAS). SAS is engaged in development, engineering, testing, logistics, distribution and assembly of cockpits, consoles, door panels, headliner, rear hatches, coding modules, front-end modules and front cradles for the automotive industry.
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.
