# Motherson to acquire German auto parts maker SAS Autosystemtechnik for €540M

Samvardhana Motherson Automotive Systems Group (SMRPBV) has agreed to acquire SAS Autosystemtechnik GmbH from Faurecia for an enterprise value of €540 million. The deal is expected to close by Q2 FY24.

- Type: Acquisition
- Announced: 2023-02-19
- Where: Germany
- Value: $580.0M (540.0M EUR)
- Status: announced
- Products: cockpits, consoles, door panels, headliners, rear hatches
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (partner)
- [Samvardhana Motherson Automotive Systems Group BV](https://endata.com/companies/52624.md) (acquirer)
- [Samvardhana Motherson International Limited](https://endata.com/companies/65550.md) (partner)
- [SAS Autosystemtechnik](https://endata.com/companies/68642.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/motherson-buys-german-auto-parts-co/articleshow/98076286.cms), 2023-02-20: "The enterprise value of the business is 540 million euros and the transaction will be funded by a mix of debt and internal accruals."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/markets/stocks/news/samvardhana-mothersons-acquisition-of-sas-neutral-for-its-rating-fitch/articleshow/98185753.cms), 2023-02-23: "We believe the acquisition remains consistent with the company's strategy to balance growth ambitions with enhancing business diversification and does not mark a shift from its prudent approach."
- [vorafin.com](https://vorafin.com/insights/ma-samvardhana-mothersons-subsidiary-acquires-100-stake-in-sas-autosystemtechnik/), 2023-03-18: "Samvardhana Motherson Automotive Systems Group BV (SMRPBV) a 100 % subsidiary of Samvardhana Motherson International Limited (SAMIL) has entered into an agreement to acquire 100% stake in SAS Autosystemtechnik GmbH (Germany) from Faurecia."

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