Motherson Sumi Systems Ltd, the flagship company of the Samvardhana Motherson Group, will be acquiring Reydel Automotive Group for USD 201 milion.

Reydel manufactures interior components and modules for global automotive customers. The company said that, Samvardhana Motherson Automotive Systems Group B V (SMRP BV), a step down subsidiary of MSSL has proposed to acquire Reydel, a privately held portfolio company of Cerberus Capital Management, L.P. (Cerberus).

This acquisition will help the company expand its presence in countries like Argentina, Croatia, Morocco and Philippines. Further, it added that, this is the company’s 21st acquisition till date and it expects the transaction to be completed in four to six months.

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