Motherson Group has completed the acquisition of majority stake in Turkey-based Plast Met Group. “With the successful closure of this acquisition, Motherson Group now has access to the significant Turkish automotive market,” a statement made by the group said. Speaking on the development, Chairman of Motherson Group – Vivek Chaand Sehgal stated, “Our footprint in the strategically…
Samvardhana Motherson Automotive Systems Group BV (SMRPBV), announced the acquisition of a majority stake in Plast Met Plastik Metal San. İmalatveTic.A.Ş.(PM-Bursa) and Plast Met Kalıp San.veTic.A.Ş.(PM-Istanbul) together known as Plast Met group (Turkey) through its subsidiary Samvardhana Motherson Reflectec (SMR). SMR will acquire 75% stake and thus will enter into a partnership with the founder…