India's Motherson Sumi buys France-based Reydel Automotive for $201m

Employees of Motherson Sumi Systems Limited, work on a car wiring assembly line inside a factory in Noida on the outskirts of New Delhi, India April 28, 2016. REUTERS/Anindito Mukherjee

Motherson Sumi Systems Ltd, the flagship company of the Samvardhana Motherson Group, on Monday said it has agreed to acquire Reydel Automotive Group for $201 million.

France-based Reydel, a privately held company controlled by buyout firm Cerberus Capital Management LP, manufactures interior parts of vehicles for customers.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter