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Suprajit Engineering signs agreement to acquire business of Stahlschmidt Cable Systems

10 Jun 2024 Evaluate

Suprajit Engineering has signed Share and Asset Purchase Agreement (SAPA) for the acquisition of the business of Stahlschmidt Cable Systems (SCS), out of insolvency proceedings in Germany. SCS is a well-known Light Duty Cable maker with a marquee customer base. SCS brings valuable low-cost manufacturing capabilities in Morocco, a strong German engineering and sales team, and China exports through Canada.

This acquisition comes with strong customer support and involves significant complexity including Asset/Equity purchases in Germany, Canada, China, Poland and Morocco – Requiring in some instances fresh contracts with customers, vendors, and employees. The completion is expected to be in two stages. The first stage (Germany, Poland and Morocco) is expected to close on July 1, 2024, subject to certain debt reduction, critical restructuring and other Condition Precedents (CPs). A few months later, the second stage (Canada and China) will also be completed, subject to certain restructuring CPs in Canada and China. The acquisition will be done through Suprajit USA Inc. Suprajit will be incorporating companies in Canada and China, in addition to recently setup Suprajit Germany GmbH to consummate this transaction. 

Suprajit Engineering is engaged in the business of manufacturing and selling of automotive and other components and that are considered as single segment.


Suprajit Engineering Share Price

425.00 14.45 (3.52%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
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