# Motherson Sumi to acquire PKC Group for €571M

India-based Motherson Sumi Systems Ltd has agreed to buy Finnish truck wire maker PKC Group for €571 million ($609 million), creating a leading supplier of wiring systems for the transportation industry.

- Type: Acquisition
- Announced: 2017-01-19
- Where: Finland
- Value: $609.0M (571.0M EUR)
- Status: announced
- Products: wiring systems, truck wire harnesses
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Motherson Sumi Systems](https://endata.com/companies/18536.md) (acquirer)
- [PKC Group](https://endata.com/companies/21567.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/pkc-group-ma-mothersonsumi/indias-motherson-sumi-to-buy-finlands-pkc-group-for-609-mln-idUSL5N1F97A7/), 2017-01-19: "Combining the two companies will create a leading supplier of wiring systems and components for the worldwide transportation industry."
- [reuters.com](https://www.reuters.com/article/world/indian-car-parts-firm-motherson-to-buy-finlands-pkc-for-609-million-idUSKBN1541CU/), 2017-01-20: "India-based car parts maker and engineering group Motherson Sumi Systems Ltd has made a 571 million-euro ($609 million) offer to buy Finland's PKC Group, a maker of wiring harnesses for trucks."
- [ekapija.com](https://www.ekapija.com/en/news/1653990/motherson-sumi-system-preuzima-upravljacka-prava-u-kompaniji-pkc-group-indijci-ponudili), 2017-01-26: "The PKC Group Board of Directors unanimously decided to suggest to the shareholders to accept the offer, which was assessed as very favorable."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.