Samvardhana Motherson International Ltd is set to acquire assets and shares of Germany’s Dr Schneider Group for €118.3m ($141.2m). Dr Schneider Group is a loss-making asset, currently going through administration. Despite this, the acquisition is expected to create new growth opportunities for Motherson through the addition of a new product portfolio. Last month, Motherson Group acquired Bombardier’s electrical wiring interconnection system business for $10m after acquiring Reydel Automotive in May.
KRN Heat Exchanger IPO: GMP soars over 100% ahead of issue opening tomorrow
KRN Heat Exchanger IPO GMP Today: KRN Heat Exchanger IPO opens for subscription on September 25. The issue has a GMP of Rs 240, indicating