Samvardhana Motherson International Limited (SAMIL) has announced on Thursday that it has successfully acquired MS Global India Pvt Ltd (MSGI) from Korea-based MS Group. The acquisition of MS Global India will see SAMIL enter a new vertical - sheet metal parts with focus on hot stamping - a light weighting technology for high strength sheet metal parts. This technology is said to augur well towards the trend of light weighting of vehicles and also find increased use in electronic vehicles.
VC Sehgal, Chairman, Motherson Group, said the company is looking forward to the opportunities that this acquisition would throw up. “We believe that there are many synergies at play, most important being, it increases our offerings in terms of content per car, as these parts are used in both passenger and commercial vehicles. As always, we are grateful for the support and confidence of our customers, who encourage us to take steps in new directions and create new opportunities for us.”
MSGI is a tier 1 supplier to leading global commercial vehicle OEMs. The company is currently engaged in cabin-in-white (pressed sheet metal business) and frames for chassis for commercial vehicles through its manufacturing facility in Chennai, it. Further, MSGI has the exclusive license to use MS Group’s leading hot stamping technology in India.