PKC Group Oyj

Company Profile

■URL

http://www.pkcgroup.com

■Address

Bulevardi 21, FI-00180 Helsinki, Finland

Business Overview

-The Company develops, manufactures, and integrates electrical distribution systems, related architectural components, vehicle electronics, wire and cables for multiple transportation markets. The Company supplies products for commercial vehicles, passenger vehicles, recreational vehicles, construction equipment, agricultural vehicles, and off-road vehicles.

-The Company features a single primary business segment, Wiring Systems. It had previously divested its electronics business segment, PKC Electronics Oy, to Enics in February 2017.

-In March 2017, Motherson Sumi Systems Ltd. (currently renamed as Samvardhana Motherson International Ltd. (SAMIL)) completed the acquisition of the Company. Under the transaction, Motherson Sumi Systems acquired 93.75% of the Company’s shares for approximately EUR 571 million through one of its subsidiaries. The Company currently operates as part of SAMIL’s Wiring Harness division.

Shareholders

-The Company is a wholly owned subsidiary of Samvardhana Motherson International Ltd. (SAMIL). The Company was acquired by Samvardhana Motherson International in 2017. Previously, the Company’s shares were listed on the NASDAQ Helsinki Stock Exchange.

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Products

Electrical Distribution Systems: EDS
-Batch harnesses
-ABS cables
-Chassis harnesses
-Engine harnesses
-Instrument harnesses

Vehicle Electronics
-Modular power distribution centers
-Modular blocks
-Standard voltage and high-power connection systems
-Power pin and blade terminal systems
-Routing and retention aids
-Smart Power Distribution Centers: SPDC
-Junction boxes
-Relay boxes
-Fuse boxes
-DC/DC converters
-Battery management systems
-Electronic control units
-Timer and flasher relays
-Verti-Grip battery terminals

Wires, Cables, and Components
-PVC insulated wires
-Cross-link insulated wires
-Jacketed wires
-Non-insulated wires
-Multi-conductor cables
-Battery cables
-Caps and sleeves
-Grommets
-Clamps and binders
-Protectors
-Wire seals
-High tension cords

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History

1969	Pohjolan Kaapeli Oy's, owned by Oy Nokia Ab, founded the wiring harness unit.
1981	Pohjolan Kaapeli merged with Nokia Kaapeli Oy.
1989	Signed the first quality agreement in Finland with Saab-Valmet.
1990	Nokia Johdinsarjat Oy was founded.
1991	Started subcontracting work in Estonia.
1992	Started subcontracting work in Russia.
1994	One of Finland's largest MBO arrangements is implemented. PK Cables Oy was established and continues the business operations of Nokia Johdinsarjat Oy. Withdraws from the passenger car industry and concentrates on the truck and the telecommunications industries.
Apr. 1997	Listed on the Helsinki Stock Exchange.
Sep. 1997	Cap Man Capital Management Oy and the company's operating management sold some of their shares to investors.
1998	Opened Brazilian plant. Acquired Oy Raahen TH Elektroniikka Ab (currently PKC Electronics Oy)
1999	Began operations at PK Cables Netherlands B.V.
Jan. 2000	Changed name to PKC Group Oyj.
Aug. 2000	Acquired the majority (70%) of the share capital of Hakutechno Engineering Oy, a technology company specialized in plastic components for the electrical components industry. The new name of the subsidiary acquired will be PKC Electroplast Oy.
Jun. 2001	Entered into an agreement with IWS, Finland on manufacturing and marketing cooperation in intelligent power and data supply systems for vehicles.
Nov. 2001	Sold its shares in the plastics technology company PKC Electroplast Oy.
2002	AS AJT Harju Elekter becomes a part of PKC Group.
2003	Carhatec Group becomes a part of PKC Group.
2004	Unit in USA started operations. Electronics business was spun off into a subgroup.
2005	Established a subsidiary in China.
Aug. 2006	Acquired the business of Electro Canada Limited, which is a private company with over 40 years' experience in the manufacture of wiring harnesses for vehicles and electro technical equipment.
2011	Acquired of all shares in Segu Systemelektrik GmbH (Germany), Segu Polska Sp. z o.o. (Poland) and TZOV HBM Kable Corp (Ukraine).
Oct. 2011	Acquired AEES companies (AEES) from funds controlled by Platinum Equity.
Sep. 2015	Established a joint venture with Jiangsu Huakai Wire Harness Co. Ltd. in China.
Mar. 2016	Signed a joint venture contract with Anhui Jianghuai Automobile Co., Ltd's (JAC) subsidiary Hefei Jianghuai Automobile Co., Ltd (Hefei JAC).
Nov. 2016	Sold part of its non-core light vehicle business in North America.
Jan. 2017	Motherson Sumi Systems Ltd. (MSSL) announced that its Board of Directors had approved the acquisition of the outstanding share capital and voting rights of PKC Group Plc (PKC), Finland. an aggregate equity purchase price of approximately EUR 571 million in an open tender offer
Feb. 2017	Divested 100% of PKC Electronics Oy shares to Enics, an Electronics Manufacturing Service (EMS) provider. Net asset value at closing, was approximately EUR 10 million.
Mar. 2017	MSSL announced that it had acquired 93.75% of the shares in the company for approximately EUR 571 million.