Aug 3: Motherson Sumi Systems Ltd (MSSL), a flagship company of the Samvardhana Motherson Group (SMG), through its step down subsidiary Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV) on Friday announced the successful completion of the acquisition of Reydel Automotive Group.
Reydel manufactures interior components and modules for global automotive customers. This is the 21st acquisition by the Samvardhana Motherson Group and will further bolster Motherson’s offerings in the automotive interiors space, according to an official statement from the company.
Commenting on the development, Laksh Vaaman Sehgal, Vice Chairman, Samvardhana Motherson Group, said, “the synergistic combination of complementary portfolios will definitely create a stronger business. We are very excited about this journey we are embarking on. While it brings us closer to meeting our 2020 targets, we are looking forward to integrating the Reydel team and working with them.”
Samvardhana Motherson Automotive Systems Group BV is a joint venture between Motherson Sumi Systems d Samvardhana Motherson International Ltd (SMIL), the principal holding company of SMG through their subsidiaries. SMRPBV operations include supplies to global automotive industry as Tier 1 supplier through its subsidiaries Samvardhana Motherson Reflectec (SMR) and Samvardhana Motherson Peguform (SMP).