Samvardhana Motherson arm to acquire Cirma SAS
ECONOMY & POLICY

Samvardhana Motherson arm to acquire Cirma SAS

Auto components maker Samvardhana Motherson International said its arm Samvardhana Motherson Automotive Systems Group BV will fully acquire French entity Cirma Entreprise SAS at an enterprise value of 7.2 million euros (nearly Rs 65 crore). Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has signed a binding undertaking to acquire a 100% stake in Cirma Entreprise from Vinci Energies France.

Cirma and Entreprise is into aerospace, shipbuilding allied industries. The cost of acquisition is pegged at an enterprise value of 7.2 million euros, it added.

On the rationale behind the acquisition, the company said Motherson will become a Tier 1 to Aerospace Original Equipment Manufacturer and proximity to OEM would open further avenues for growth. Also, it will help in diversification to electrical wiring and interconnect systems for aerospace, shipbuilding and other allied industries from an existing portfolio of aero structure components, machining etc, it added.

The acquisition is also aligned with the growth strategy and synergistic with the existing wiring harness capabilities of Motherson, and this transaction will also help the company in gaining access to the shipbuilding and allied industries, the filing said.

Auto components maker Samvardhana Motherson International said its arm Samvardhana Motherson Automotive Systems Group BV will fully acquire French entity Cirma Entreprise SAS at an enterprise value of 7.2 million euros (nearly Rs 65 crore). Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has signed a binding undertaking to acquire a 100% stake in Cirma Entreprise from Vinci Energies France.Cirma and Entreprise is into aerospace, shipbuilding allied industries. The cost of acquisition is pegged at an enterprise value of 7.2 million euros, it added.On the rationale behind the acquisition, the company said Motherson will become a Tier 1 to Aerospace Original Equipment Manufacturer and proximity to OEM would open further avenues for growth. Also, it will help in diversification to electrical wiring and interconnect systems for aerospace, shipbuilding and other allied industries from an existing portfolio of aero structure components, machining etc, it added.The acquisition is also aligned with the growth strategy and synergistic with the existing wiring harness capabilities of Motherson, and this transaction will also help the company in gaining access to the shipbuilding and allied industries, the filing said.

Next Story
Resources

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city’s architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals—away from the typical conference setup. The eveni..

Next Story
Resources

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director – HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele’s wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele’s full portfolio—includi..

Next Story
Resources

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India’s fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?