+
Samvardhana Motherson International to acquire assets
ECONOMY & POLICY

Samvardhana Motherson International to acquire assets

Samvardhana Motherson International Ltd, a manufacturer of automotive components, announced on Monday that it would buy the assets and stock of the Dr Schneider Group companies in Germany for an estimated total enterprise value of 118.3 million euros.

The company announced in a regulatory filing that it has entered into an agreement to purchase assets and shares of the Dr Schneider Group entities from the insolvency administrator, Dr Joachim Exner, through its wholly-owned arm Samvardhana Motherson Automotive Systems Group BV (SMRPBV).

The Dr Schneider Group is a producer of high-end, cutting-edge, and integrated electronic interior polymer systems, including lighting modules and smart surfaces. It is a market leader in air vent technology, decorative interior polymer components with lights, and premium car market share. It further stated that it employs about 4,500 employees in seven facilities spread across five nations (Germany, Spain, Poland, USA, and China).

According to the corporation, the cost of the acquisition is being carried out at an overall enterprise value of about 118.3 million euros, subject to some routine actualizations and modifications.

Samvardhana Motherson International Ltd, a manufacturer of automotive components, announced on Monday that it would buy the assets and stock of the Dr Schneider Group companies in Germany for an estimated total enterprise value of 118.3 million euros. The company announced in a regulatory filing that it has entered into an agreement to purchase assets and shares of the Dr Schneider Group entities from the insolvency administrator, Dr Joachim Exner, through its wholly-owned arm Samvardhana Motherson Automotive Systems Group BV (SMRPBV). The Dr Schneider Group is a producer of high-end, cutting-edge, and integrated electronic interior polymer systems, including lighting modules and smart surfaces. It is a market leader in air vent technology, decorative interior polymer components with lights, and premium car market share. It further stated that it employs about 4,500 employees in seven facilities spread across five nations (Germany, Spain, Poland, USA, and China). According to the corporation, the cost of the acquisition is being carried out at an overall enterprise value of about 118.3 million euros, subject to some routine actualizations and modifications.

Next Story
Products

Timeless Grain

Duro has launched the Firenze Collection—10 Italian-designed dyed veneers inspired by Florence. Part of the Nature Signature Range, they offer expressive grains, A++ grade precision, and triple heat-treated durability—ideal for refined interiors across homes, offices, and hospitality spaces.Contact: Duroply IndustriesWebsite: www.duroply.in ..

Next Story
Products

Nature Lit

Oorjaa has unveiled Spira, a sculptural pendant light handcrafted from wild Lantana and banana fibre paper. Merging fluid design with sustainability, Spira offers a warm, meditative glow—perfect for conscious homes and hospitality spaces seeking soulful elegance.Contact: OorjaWebsite: www.oorjaa.in ..

Next Story
Products

Clean Anywhere

Hindware’s Portable Bidet offers effortless hygiene with dual spray modes, 180° adjustable nozzle, smart timer, and waterproof design. Compact and travel-ready, it’s ideal for travellers, new mothers, and post-surgical care—bringing comfort and cleanliness on the go. Contact: Hindware Website: https://hindware.com/..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?