Diabytes
Motherson Sumi acquisition News
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In one of the biggest acquisitions in auto component space by an Indian firm, Motherson Sumi Systems Ltd (MSSL) will launch a 571 million euro (over Rs 4,150 crore) open tender offer to fully acquire Finland's PKC Group Plc (PKC), a maker of wiring harness.
Auto parts maker Motherson Sumi Systems Ltd would buy assets of Germany`s Scherer & Trier group for about 36 million euros.
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