Motherson Sumi Systems to acquire Bombardier's UK rolling stock electrical business

Motherson Sumi Systems Ltd, through its subsidiary Motherson Rolling Stock Systems GB Ltd, signed a definitive agreement to acquire Bombardier Transportation's electrical components and systems business in Derby, UK, for approximately £10.87 million. The deal includes assets, employees, and inventories, and is expected to close between April and June 2019.

“MRSS will enter into a lease agreement for the part of Bombardier’s Derby site currently occupied by the business and will continue to operate the business with its current employees.”globenewswire.com

• 3 sources
• globenewswire.comMotherson Sumi Systems Ltd. announces acquisition ofBombardier TransportFeb 28, 2019
• railengineer.co.ukBombardier sells BTROS cabling business to Motherson Sumi Systems - Rail EngineerRailEngineerFeb 28, 2019
• vccircle.comMotherson Sumi to buy Bombardier's UK electrical component, systems bizAnkit DoshiMar 1, 2019

Summarized from public sources; check the original articles before acting on it.