Samvardhana Motherson International to acquire assets

25 Jul 2023 CW Team

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.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..