Suprajit to acquire Stahlschmidt Cable Systems.

Suprajit, an automotive cable and halogen bulb maker, agreed to acquire Stahlschmidt Cable Systems, a manufacturing company that develops cables and unlocking systems for the automotive sector. Financial terms were not disclosed. “This acquisition will further strengthen our global Light Duty Cable manufacturing footprint. Suprajit will have enhanced ability to provide customers with low-cost manufacturing bases, nearshoring capabilities, and a perfect customer centric supply chain footprint. This acquisition, post its consolidation and restructuring, will yield improved customer service, global growth, and margin improvements, over the medium term,” Ajith Rai, Suprajit Founder and Chairman.