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Motherson Sumi Systems Limited (MSSL) completed the acquisition of a 55% stake in CIM Tools Private Limited, which holds interests in Aero Treatment Private Limited and Lauak CIM Aerospace, marking MSSL's entry into the aerospace industry.
Motherson Sumi Systems Ltd. acquired a 55% stake in Bengaluru-based CIM Tools, a key supplier in the aerospace supply chain for machining and sub-assembly of components.
Motherson Sumi Systems Limited (MSSL) announced on October 8, 2021 the acquisition of a 55% stake in CIM Tools from its promoters, marking MSSL's entry into the aerospace industry. CIM Tools holds 83% in Aero Treatment Private Limited and 49.99% in Lauak CIM Aerospace.