SAMIL to buy SAS from Faurecia for Rs 47.90 billion

21 Feb 2023 CW Team

Samvardhana Motherson International (SAMIL), based in Noida, has announced the acquisition of SAS Autosystemtechnik (SAS), a manufacturer of auto cockpit modules, from the French business Faurecia for Rs 47.90 billion.

"This acquisition will position Motherson Group as a global leader in cockpit module assembly, with a particular emphasis on electric vehicle (EV) models," stated Vivek Chaand Sehgal, chairman of SAMIL.

The EV business accounts for roughly half of SAS's total net revenues. It produces cockpit modules and other components for EVs manufactured by European automakers such as Volkswagen, koda Auto, Mercedes-Benz, Porsche, Audi, and Chrysler.

SAS generates over 60% of its revenue in Europe, 31% in the Americas, and 9% in China.

SAS' acquisition, which requires approval from the European Commission as well as merger control agencies in China, Brazil, Mexico, and the United States, is scheduled to close between July and September of this year, according to SAMIL.

SAS employs over 5,000 workers across 12 countries in 24 manufacturing facilities.

"The company's enterprise value is €540 million. The deal will be financed through a combination of loans and internal accruals. "The deal is still subject to information or consultation with employee representatives," stated SAMIL.

Also Read
India launches 1 indigenously developed ATS system for DMRC
Yokohama to invest to expand production capacity in India

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..