Motherson Sumi to buy 80% stake in German firm‎

Auto obdii parts manufacturers Motherson Sue meters system this year will get 80% of the shares, and German Peguform September to not public. The acquisition will help the company expand its product mix, improve in Brazil, India, China and South Africa's customer base. Motherson Sue meters will through a special purpose vehicle to work together to buy shares, and group company Samvardhana Motherson financial (SPV) Motherson will hold 51%, and the financial company will hold the remaining shares will from Austria, after the meeting held across the industry trade accounts for 20% of the Peguform to buy. "The agreement also includes buying 50% of equity Wethje carbon composite material, this is part of the cross industry," Sehgal, Samvardhana Vivek Chaand Motherson group President said. Motherson Sue meters Samvardhana Motherson group's flagship public company. The acquisition will through India of bank consortium, and PWC has funded the purchase of due diligence, the company said Gauba guide, Motherson Sue m chief financial director. Motherson Sue m joint venture group and Japan part Samvardhana between Motherson manufacturers sumitomo wiring system will be able to improve its plastic parts business and acquisitions. The move comes as Motherson Sue m looking for the "correct value" part of the acquisition. In March 2009, purchased about 250000 help yourself components manufacturer Visiocorp rearview mirror business. Peguform was established in 1959, has more than 7000 employees in the 17 factories and five modules, the center in Germany, Portugal, Spain, Brazil, Mexico, China and Slovakia. Peguform may help yourself $160 million in annual sales 2011 years later, help yourself from last year's 137 million. Although acquisition, Motherson Sue m shares fell by in the past four years to 231 rupees on the Bombay stock exchange end on Wednesday.