# Samvardhana Motherson to acquire 11% stake in REE Automotive for $15M

Samvardhana Motherson International Ltd, via its subsidiary MSSL Consolidated Inc, will acquire an 11% stake in Israel's REE Automotive Ltd for up to $15 million. The companies will collaborate on manufacturing REE's 'REEcorner' technology for commercial electric vehicles.

- Type: Acquisition
- Announced: 2024-09-16
- Value: $15.0M
- Status: announced
- Products: REEcorner technology, commercial electric vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [REE Automotive](https://endata.com/companies/24365.md) (target)
- [Samvardhana Motherson International Limited](https://endata.com/companies/65550.md) (acquirer)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/auto/auto-news/samvardhana-motherson-intl-to-acquire-11-stake-in-israels-ree-automotive-for-15-mn/articleshow/113386310.cms?from=mdr), 2024-09-16: "Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel's REE Automotive Ltd for up to USD 15 million."

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