SAS Autosystemtechnik

SAMIL is set to acquire 100% stake in Germany's SAS Autosystemtechnik for 540 million euros. SAS Autosystemtechnik is a global provider of cockpit module assembly for the automotive industry.

Samvardhana Motherson Automotive Systems Group (SMRPBV) has agreed to acquire SAS Autosystemtechnik GmbH from Faurecia for an enterprise value of €540 million. The deal is expected to close by Q2 FY24.

Samvardhana Motherson International (SAMIL) announced it is buying SAS Autosystemtechnik, a manufacturer of cockpit modules, from Faurecia for Rs 4,790 crore (€540 million). The acquisition is expected to close between July and September 2023.

Faurecia, a company of the FORVIA Group, received a firm commitment from the MOTHERSON Group to acquire 100% of the SAS Cockpit Modules division for an enterprise value of €540 million. The transaction is expected to close mid-2023.