Schedule a Call Back
Motherson bolsters aerospace portfolio with strategic acquisitions
Industry News- Oct 23,23
Motherson's aerospace division is strategically expanding its capabilities, progressively diversifying its services for aerospace original equipment manufacturers.
Samvardhana Motherson International (Motherson) revealed a series of acquisitions aimed at bolstering its non-automotive ventures, spanning aerospace, health, and medical sectors.
According to the company's statement, Motherson's aerospace division is strategically expanding its capabilities, progressively diversifying its services for aerospace original equipment manufacturers (OEMs). This expansion includes four key acquisitions, from CIM Tools in 2022 to AD Industries, Cirma, and SMAST in 2023.
This move has strategically positioned Motherson with eight facilities in France, central to the European aerospace industry, in addition to nine facilities in cost-effective locations across India and Africa. Together, these establishments empower the division to deliver high-quality solutions to the aerospace supply chain.
Furthermore, the aerospace division is poised to capitalise on an anticipated uptick in build rates. With a substantial booked business worth $1.3 billion, coupled with robust customer support, the division is well-equipped to meet the heightened demands of the aerospace sector.
Vivek Chaand Sehgal, Chairman of Motherson, emphasised, “In line with our Vision 2025, Motherson is intensifying its focus on non-automotive sectors, leveraging our core strengths and manufacturing expertise. Our aerospace division has now established a robust presence in Asia, Europe, and Africa, enabling us to effectively serve and offer solutions to aerospace OEMs and Tier 1 customers worldwide.
Source: Business Line
Related Stories
Electrical & Electronics
Naxnova Buys Quad Industries for 90 Crore
Naxnova has acquired 74 per cent stake from the current shareholders of Quad Industries and the balance stake shall be acquired in a phased manner making the transaction a 100 per cent share purchas..
Read moreAuto & Auto Components
Samvardhana Motherson subsidiary MSSL Mideast to buy Yachiyo India Manufacturing
As per the regulatory filing, this acquisition is part of a deal between Samvardhana Motherson and Honda Motor Co Limited
Read moreAerospace Defence
Motherson bolsters aerospace portfolio with strategic acquisitions
Motherson's aerospace division is strategically expanding its capabilities, progressively diversifying its services for aerospace original equipment manufacturers.
Read moreRelated Products
Troop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
