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Motherson Sumi Systems Ltd. successfully completes the acquisition of Bombardier's EWIS business in Huehuetoca, Mexico

Posted On: 2021-05-03 11:57:21 (Time Zone: UTC)


Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has successfully completed the acquisition of assets and activities of Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation's manufacturing site in Huehuetoca, Mexico (BT Ensambles México). MRS is part of the Motherson Rolling Stock Division which designs and manufactures electrical cabinets, power packs and electrical distribution systems for leading rolling stock manufacturers.

The company has supported Bombardier's transformation process over the last years and the successful closure of this acquisition in Mexico is in alignment with the same. In the past the company had also acquired Bombardier's UK rolling stock electrical component and systems business in Derby.

Mr. Vivek Chaand Sehgal, Chairman, MSSL said, "Motherson is driven by its vision ofbeing a globally preferred solutions provider to its customers. By strengthening the Rolling stock product portfolio in American region, we reaffirm our commitment to our customers, we are very happy that the teams involved worked relentlessly to close this deal despite the pandemic induced challenges. We would also like to take this opportunity to warmly welcome the team at Huehuetoca, Mexico into the Motherson family.

Mr. André Gerstner, President, MRS, said "We are grateful and honored to Bombardier Transportation (BT) for giving us the opportunity to build a real global partnership. Now we are proud to take this relationship with Alstom to a next level in the years to come."

Shares of MOTHERSON SUMI SYSTEMS LTD. was last trading in BSE at Rs.215.7 as compared to the previous close of Rs. 214.65. The total number of shares traded during the day was 499588 in over 3675 trades.

The stock hit an intraday high of Rs. 219.35 and intraday low of 211.1. The net turnover during the day was Rs. 108128139.


Source: Equity Bulls

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