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Motherson Sumi Systems Ltd. has completed its $201 million acquisition of French-based auto interiors supplier Reydel Automotive Group. Reydel, now called Samvardhana Motherson Reydel Companies, had been owned by Cerberus Capital Management LP.
Motherson Sumi Systems is in advanced talks to acquire three companies: a European company for about $500 million, a Japanese company for $50-80 million, and a US company for $200-250 million. These are in addition to the recently announced Reydel Automotive deal.