Motherson Sumi (MSSL), a Samvardhana Motherson Group company, has announced the acquisition of US based Stoneridge’s vehicle wiring business for Rs 385 crore. Citigroup Global Markets has been the financial advisor to the transaction. With this acquisition, MSSL aims to be a leading player into the vehicle wiring business. Vivek Chaand Sehgal, Chairman, Samvardhana Motherson Group said, “The acquisition is a step further in the company’s strategy of growth.”
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