# Samvardhana Motherson acquires Dr. Schneider Unternehmensgruppe

Insolvency administrator Joachim Exner sold the Dr. Schneider Unternehmensgruppe, an automotive interior parts supplier, to the Samvardhana Motherson Group. All seven sites in five countries and over 4,800 jobs are preserved.

- Type: Acquisition
- Announced: 2023-07-25
- Where: Kronach-Neuses, Germany
- Value: $132.0M
- Jobs: 4,800
- Status: completed
- Products: vehicle interior parts: ventilation systems, instrument panel modules, center console modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Samvardhana Motherson Group](https://endata.com/companies/28205.md) (acquirer)
- [Dr Schneider Group](https://endata.com/companies/71591.md) (target)
- [Dr. Schneider Unternehmensgruppe](https://endata.com/companies/71609.md) (target)

## Sources

- [moeller-pr.de](https://moeller-pr.de/pressemitteilungen/insolvenzverwalter-verkauft-automobilzulieferer-dr-schneider-an-internationalen-investor/), 2023-07-25: "Der Fortbestand des Automobil-Zulieferers 'Dr. Schneider Unternehmensgruppe' ist gesichert: Insolvenzverwalter Joachim Exner hat den Geschäftsbetrieb des Unternehmens an einen strategischen Investor verkauft."
- [plasticsnews.com](https://www.plasticsnews.com/news/samvardhana-motherson-buys-german-auto-interior-supplier-dr-schneider-group-132m/), 2023-07-28: "Motherson buys German auto supplier Dr. Schneider for $132M"

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