New Delhi: Auto components major Motherson Sumi via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), on Monday completed the acquisition of assets and activities of Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico (BT Ensambles México).
MRS is part of the Motherson Rolling Stock Division which designs and manufactures electrical cabinets, power packs and electrical distribution systems for leading rolling stock manufacturers, MSSL said in a release.
The company has supported Bombardier’s transformation process over the last years and the successful closure of this acquisition in Mexico is in alignment with the same. In the past the company had also acquired Bombardier’s UK rolling stock electrical component and systems business in Derby.
Vivek Chaand Sehgal, Chairman, MSSL said, “Motherson is driven by its vision of being a globally preferred solutions provider to its customers. By strengthening the Rolling stock product portfolio in American region, we reaffirm our commitment to our customers, we are very happy that the teams involved worked relentlessly to close this deal despite the pandemic induced challenges. We would also like to take this opportunity to warmly welcome the team at Huehuetoca, Mexico into the Motherson family.
André Gerstner, President, MRS, said “We are grateful and honored to Bombardier Transportation (BT) for giving us the opportunity to build a real global partnership. Now we are proud to take this relationship with Alstom to a next level in the years to come.
Recently Motherson Group has also completed the acquisition of majority stake in Turkey’s Plast Met Group, a key supplier of plastic moulded parts, related sub-assemblies and injection moulding tools.
The company, however, did not disclose the financial details of the transaction.