Samvardhana Motherson to acquire Dr Schneider Group for €118.3 million

Samvardhana Motherson International, through its subsidiary SMRPBV, agreed to acquire assets and shares of Germany's Dr Schneider Group from insolvency administrator for an enterprise value of €118.3 million. Dr Schneider makes interior polymer components for premium vehicles.

“We see a lot of synergies and untapped potential in this business, especially on the R&D side.”economictimes.indiatimes.com

• 2 sources
• economictimes.indiatimes.comSamvardhana Motherson International to acquire assets, shares of Dr Schneider Group entities - The Economic TimesJul 24, 2023
• faz.netInsolventer Autozulieferer Dr. Schneider nach Indien verkauft | FAZReuters.Jul 24, 2023

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