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.

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