Motherson Sumi inks pact to acquire Bombardier’s electrical wiring biz

Auto component major Motherson Sumi Systems Ltd (MSSL) on Tuesday said it has inked a pact to acquire Bombardier’s Mexico-based electrical wiring interconnection systems (EWIS) business for around USD 10 million (around Rs 73.5 crore).

The company through its Mexican subsidiary, Motherson Rolling Stocks (MRS), has signed an asset sale and purchase agreement to acquire the activities of EWIS at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico, MSSL said in a statement.

In 2019, the company through a subsidiary had acquired Bombardier’s UK rolling stock electrical component and systems business in Derby.

Now, with the execution of this definitive agreement betweenS and Bombardier, the relationship will expand to Mexico, the company said.