M&A

M&A

Samvardhana Motherson to acquire French electrical wiring player Cirma for $7.88 M

BSE Disclosure  

Publicly listed Samvardhana Motherson International Ltd (formerly Motherson Sumi Systems), via its European subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV), is to acquire a 100% stake in France-based Cirma Enterprise (from Vinci Energies), for an enterprise value of EUR 7.2 million (about USD 7.88 million). Cirma manufactures and sells electrical wiring and interconnect systems (EWIS) for aerospace, shipbuilding, allied Industries. It posted a revenue of EUR 11.41 million for CY 2022.