# 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.

- Type: Acquisition
- Announced: 2021-10-08
- Where: Bengaluru, India
- Value: $54.0M (4.00B INR)
- Status: announced
- Products: machined aerospace components, sub-assemblies, surface treatment
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Motherson Sumi Systems](https://endata.com/companies/18536.md) (acquirer)
- [CIM Tools](https://endata.com/companies/58261.md) (target)
- [Aero Treatment Private Limited](https://endata.com/companies/58262.md) (partner)
- [Lauak CIM Aerospace](https://endata.com/companies/58263.md) (partner)

## Sources

- [mobilityoutlook.com](https://www.mobilityoutlook.com/news/motherson-sumi-systems-enters-aerospace-acquires-majority-stake-in-cim-tools/), 2021-10-08: "This acquisition is our first significant step towards growth in aerospace business."
- [business-standard.com](https://www.business-standard.com/article/news-cm/motherson-sumi-rallies-after-board-oks-acquisition-of-55-stake-in-cim-tools-121100800529_1.html), 2021-10-08: "The acquisition marks its entry into the aerospace industry."
- [thestatesman.com](https://www.thestatesman.com/business/motherson-acquires-majority-stake-cim-tools-1503016155.html), 2021-10-08: "This acquisition is our first significant step towards growth in the aerospace business."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/motherson-sumi-acquires-two-companies-enters-aerospace/), 2021-10-09: "This acquisition is our first significant step towards growth in the aerospace business."
- [business-news-today.com](https://business-news-today.com/motherson-sumi-systems-buys-stake-in-aerospace-machining-firm-cim-tools/), 2021-10-09: "This acquisition is our first significant step towards growth in aerospace business."
- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/motherson-sumi-forays-into-aerospace-acquires-majority-stake-in-cim-tools/86906800), 2021-10-10: "MSSL will acquire 55% stake from the promoters of CIM Tools Private Limited (CIM)."

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