Samvardhana Motherson acquires ADI Group for EUR 35 million

Samvardhana Motherson International Ltd acquired French company ADI Group, which manufactures components for aircraft engines and medical devices, for EUR 35 million (approx. Rs 310 crore).

“The company has acquired French company ADI Group with Moroccan and Tunisian subsidiaries engaged mainly in the business of manufacturing components for aircraft engines and medical devices at a purchase consideration of 35 million Euros.”newsdrum.in

• 3 sources
• newsdrum.inSamvardhana Motherson International announces 3 acquisitions worth over Rs 380 crNewsDrum DeskOct 20, 2023
• mobilityoutlook.comMotherson Strengthens Non-Automotive Businesses with Acquisitions - Mobility OutlookMobility Outlook BureauOct 20, 2023
• ad-industries.frCommuniqué Interne - AD INDUSTRIES - Motherson Aerospacead1lufLYGUHOct 23, 2023

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