# 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.

- Type: Acquisition
- Announced: 2023-07-24
- Where: Kronach, Germany
- Value: $130.0M (118.3M EUR)
- Status: announced
- Products: interior polymer components, smart surfaces, lighting modules, air-vents
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Samvardhana Motherson International Limited](https://endata.com/companies/65550.md) (acquirer)
- [Dr Schneider Group](https://endata.com/companies/71591.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/auto/auto-components/samvardhana-motherson-international-to-acquire-assets-shares-of-dr-schneider-group-entities/articleshow/102075761.cms), 2023-07-24: "We see a lot of synergies and untapped potential in this business, especially on the R&D side."
- [faz.net](https://www.faz.net/aktuell/wirtschaft/insolventer-autozulieferer-dr-schneider-nach-indien-verkauft-19055848.html), 2023-07-24: "Der insolvente fränkische Autozulieferer Dr. Schneider wird nach Indien verkauft."

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