Samvardhana Motherson International to acquire Dr. Schneider for $132m.

Samvardhana Motherson International, a manufacturer of different kinds of parts essential to the automotive industry, agreed to acquire Dr. Schneider, a specialist offering products for car interior systems, surface technology and ventilation systems, for $132m. “We have been trusted upon by our customer to take over this business. With their continued support we believe we will be able to turnaround this business like we have done every time in the past. We see a lot of synergies and untapped potential in this business, specially on the R&D side. We are looking forward to welcoming 4,500 people on our journey towards our Vision 2025 and beyond," Vivek Chaand Sehgal, Motherson Chairman.