Oct 8, 2021ACQUISITIONBengaluru, India Motherson Sumi Systems acquires 55% stake in CIM Tools
Motherson Sumi Systems Limited (MSSL) announced on October 8, 2021 the acquisition of a 55% stake in CIM Tools from its promoters, marking MSSL's entry into the aerospace industry. CIM Tools holds 83% in Aero Treatment Private Limited and 49.99% in Lauak CIM Aerospace.
Productsmachined aerospace componentssub-assembliessurface treatment
“This acquisition is our first significant step towards growth in aerospace business.”mobilityoutlook.com
- 6 sources
- mobilityoutlook.comMotherson Sumi Systems Enters Aerospace; Acquires Majority Stake In CIM Tools - Mobility OutlookMobility Outlook BureauOct 8, 2021
- business-standard.comMotherson Sumi rallies after board OKs acquisition of 55% stake in CIM ToolsCapital MarketOct 8, 2021
- thestatesman.comMotherson acquires majority stake in CIM Tools - The StatesmanIANSOct 8, 2021
- mnacritique.mergersindia.comMotherson Sumi acquires two companies, enters aerospace | M&A CritiquemnacritiqueOct 9, 2021
- business-news-today.com
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