Motherson Sumi acquires assets of Bombardier’s wiring systems in Mexico for $10 mn

Motherson Sumi Systems (MSSL), via its Mexican subsidiary, has signed an agreement to acquire the activities of electrical wiring interconnection systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico.

The transaction includes the transfer of assets, employees, and inventories, on a debt-free and cash-free basis and is valued at around $10 million (subject to customary adjustments). The site manufactures harnesses and electrical assembly based on standard solutions.

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https://www.moneycontrol.com/news/business/motherson-sumi-acquires-assets-of-bombardiers-wiring-systems-in-mexico-for-10-mn-5990101.html

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https://www.livemint.com/companies/news/motherson-sumi-to-acquire-bombardier-s-mexico-based-electrical-wiring-biz-11603207500205.html