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Motherson Sumi acquires auto parts maker PKC for Rs 4,000 cr
March 30, 2017March 30, 2017by In Warehousing & Logistics

Motherson Sumi acquires auto parts maker PKC for Rs 4,000 cr

Motherson Sumi Systems (MSSL) has acquired Finland-based global auto component major PKC Group for approximately €571 million (over Rs 4,000 crore), a move that will help the group to expand its footprint significantly in the American and European commercial vehicle market segments, said the company in a statement. This is the 16th acquisition by MSSL since 2002.