Stoneridge to sell wiring harness business to Motherson Sumi Systems  [ USA ]

Motherson Sumi Systems Limited has signed an agreement to acquire the Wiring harness business of Stoneridge, Inc. through asset purchase at transaction value of USD 65.7 million. This acquisition is expected to close in the third quarter of 2014. The acquired business has a turnover of approximately USD 300 million. The transaction includes six manufacturing facilities located in Portland, Indi...
<May 27, 2014>