Motherson Sumi Systems Limited (MSSL) has signed an agreement to acquire the Wiring harness business of Stoneridge Inc. through asset purchase at transaction value of US $ 65.7 million. This acquisition is expected to close in the third quarter of 2014, subject to customary closing conditions. The acquired business has a turnover of approx. USD 300 Million. The transaction includes[Read More…]
Visteon Corporation today announced an agreement to divest the majority of its global automotive interiors business to an affiliate of Cerberus Capital Management, L.P. The transaction, which is subject to regulatory reviews and other conditions, is expected to be completed by Dec. 31, 2014. Visteon also announced it has completed a previously announced agreement to sell its 50 percent ownership[Read More…]
The Bosch Group has started the new year with a good increase in sales. In the first quarter, sales grew by roughly 7%. After adjusting for exchange-rate effects, the increase was roughly 10%. For the current fiscal year, the global provider of technology and services expects its sales to grow 3 to 5%. “We continue to move forward with our[Read More…]
