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  • Verfasst am 05.02.2015 - Wirtschaft
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Motherson Sumi buys Scherer & Trier for EUR 36 million

Motherson Sumi Systems Limited (MSSL) announced that it is acquiring assets of German Sche­rer & Trier (S&T) group for a price of approximately EUR 36 million through a subsidiary. Samvardhana Motherson Automotive Systems Group B. V. (SMRP), MSSL’s subsidiary and joint venture with Samvardhana Motherson International Ltd., has signed an agreement for the purchase of the assets of S&T, including two manufacturing facilities situated at Michelau, Germany, and Puebla, Mexico.

S&T develops and manufactures extrusion profiles, moulded parts made of thermoplastics, and hybrid components made of metal and plastic for companies such as Audi, BMW, Daimler, Ford, General Motors and Volkswagen. The current turnover of S&T is in the range of EUR 240 million. The deal is expected to be completed in January 2015. MSSL is the flagship company of the Samvardhana Motherson Group (SMG). The USD 5.02 billion company is said to be one of the largest manufacturers of rear-view mirrors for passenger cars in the world and India’s largest manufacturer of automotive wiring harnesses and mirrors for passenger cars. It is also a supplier of plastic modules and components in Europe and India.


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