# Motherson Sumi Systems acquires PKC Group for €571 million

Motherson Sumi Systems Ltd (MSSL) acquired Finnish auto component maker PKC Group Plc for €571 million, becoming its controlling shareholder.

- Type: Acquisition
- Announced: 2017-03-27
- Where: Finland
- Value: $620.0M (571.0M EUR)
- Status: completed
- Products: auto components
- 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/world/us/motherson-sumi-systems-buys-finlands-pkc-group-for-571-mln-euros-idUSFWN1H303V/), 2017-03-27: "Acquires Finnish auto component giant PKC Group Plc. for euro 571 million"
- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/motherson-sumi-acquires-finnish-autoparts-maker-pkc-for-over-rs-4k-cr/57847888), 2017-03-27: "We are very happy to announce that we have successfully acquired 93.75% shareholding in PKC Group"
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5239234/motherson-sumi-systems-acquires-pkc-group-for-usd616-million), 2017-03-27: "Motherson Sumi Systems Limited (MSSL) has completed the EUR571 million (USD616.3 million) acquisition of Finland-based wiring systems supplier PKC Group"

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