BSE-listed Samvardhana Motherson Automotive Systems Group has acquired the assets of Alabama-based Bolta US Ltd.
The acquisition has been done through its subsidiary SMP Automotive Systems Alabama Inc., USA.
SMP Alabama has purchased $35.7 million worth of Bolta’s fixed assets (including $31.8 million of tangible assets and $3.9 million of the intangible assets) and $4.7 million of its inventory for $16.002 million, free and clear from all liens.
Bolta is the only approved chrome part supplier to a leading German OEM in the US.
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