Motherson’s Kunal Malani sees Schneider business being ROCE accretive from next year
Samvardhana Motherson International Ltd is set to acquire assets and shares of Germany's Dr Schneider Group for €118.3m ($141.2m). Dr Schneider Group is a loss-making asset, currently going through administration. Despite this, the acquisition is expected to create new growth opportunities for Motherson through the addition of a new product portfolio. Last month, Motherson Group acquired Bombardier's electrical wiring interconnection system business for $10m after acquiring Reydel Automotive in May.
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