SMR Automotive Mirrors Stuttgart GmbH
Company Profile
Business Overview
-The Company is a leading global supplier of automotive vision systems. It supplies interior mirrors, exterior mirrors and camera-based detection systems for automotive applications. The Company also manufactures components for vision systems such as light units, electric drive units, camera modules, image processing units, glass and power-folding actuators, electronic modules, and reflector glass modules.
-The Company is a subsidiary of Samvardhana Motherson Automotive Systems Group BV (SMRP), which itself is a subsidiary of parent entity Samvardhana Motherson International Limited (SAMIL). With the restructuring of the SAMIL parent organization effective April 2022, the Company comprises SAMIL’s Vision Systems division.
-In 2021, the Company acquired majority stakes in both Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd., based in China and Plast Met group based in Turkey. In September 2022, the Company entered into an agreement with Ichikoh Industries to purchase a 100% stake of Ichikoh’s mirror business for JPY 5.2 billion. The transaction involves the acquisition of Ichikoh’s mirror business in Japan and China, comprised of three manufacturing plants. In August 2023, the Company completed the transaction, acquiring 100% of shares of Misato Industries Co. Ltd., Japan and Ichikoh (Wuxi) Automotive Parts Co., Ltd., China from Ichikoh Industries.
-In March 2024, the Company’s parent entity, Samvardhana Motherson International Limited (SAMIL) implemented an internal restructuring initiative to simplify the organization of its international businesses. SAMIL will add a majority of its international businesses under the Samvardhana Motherson Automotive Systems Group (SMRP) entity. The initiative will add new business verticals to SMRP BV including wiring harnesses as well as non-automotive business verticals.
Shareholders
-As of March 1, 2023, the Company is a wholly owned subsidiary of Samvardhana Motherson International Limited (SAMIL) through Samvardhana Motherson Automotive Systems Group (SMRP). SMRP acquired the remaining 1.55% of the Company’s shares from an independent third party.
Products
Exterior Mirrors
-Exterior mirrors for passenger vehicles
-Exterior mirrors for commercial vehicles
-Electrically extendable exterior mirrors for commercial vehicles
-EcoMirror with decreased size and weight
-Integrated exterior mirror systems:
- Reflector glass units
- Auto dimming glass
- High gloss moldings
- Advanced surfaces
- Glass actuators
- Heated glass systems
- Power folding mechanisms
- Telescopic actuation solutions
- LED turn signal lamps
- Ground illumination lamps
- Logo projection lamps
- Blind spot warning lamps
- Temperature sensors
- Ultrasonic distance sensors
- Memory position adjustment
- Rearview monitoring cameras
- Surround view cameras
- Image processing units
- BUS control electronics
- Wiring harnesses
Interior Mirrors
-Prismatic interior mirrors
-Multi-functional mirrors
-Rear-view camera monitoring systems
-Integrated interior mirror systems:
- Reading lamps
- Ambient lighting
- Microphones
- Remote garage door openers
- Telematics interfaces
- Emergency switches
- Auto dimming glass
- Rain sensors
- Air temperature sensors
- Humidity sensors
- Radio-controlled electronic toll collection systems
Camera monitoring systems
-Blind spot detection systems
-Surround vision systems
-Maneuvering aid cameras
-Exterior modules with integrated cameras and other features
-Interior integrated display solutions
-Image processing units
-Electronic control units
-Display system with integrated driver assist systems
- Back-up display with reverse driving guide lines
- Pedestrian detection
- Lane departure warning
- Traffic sign recognition
- Parking assistance systems
- Park exit assistance
- Corner view display
- Cross traffic alert
History
| 1935 | The Company was founded and began producing interior lights for Mercedes-Benz. |
| 1938 | Expanded into providing rear lighting. |
| 1950 | Launched its rear-view-mirror business, supplying mirrors to Mercedes-Benz. |
| 1989 | Expanded into premium automotive sound systems. |
| 1994 | Acquired ULO, a Tier 1 rear lighting supplier. |
| 1994 | Its international expansion began in 1994 when the Company established operations in the United States. |
| 1995 | Commenced operations in Hungary as a first step to shifting some of its operations to low-cost countries. |
| 1998 | Entered into a joint venture in Slovenia to produce wire harnesses used in the production of mirrors and electronics. |
| 2000 | Acquired the Rear Vision Systems Division of Britax International. |
| 2001 | Entered into a joint venture with Saint Gobain Sekurit to form Freeglass GmbH & Co. KG, to make a plastic glazing substitutes for certain automotive glass applications. |
| 2001 | Acquired Global Light Industries GmbH (G.L.I.) an innovator of LED technology and optical applications for rear lighting. |
| 2003 | The Company continued to expand geographically, opening two assembly plants in China in early 2003. |
| 2005 | Opened a new facility in Slovenia for low cost lighting products to improve the company's lighting operations in Europe. |
| 2006 | Acquisition of Engelmann companies. |
| 2007 | Spin-off of its lighting business. |
| Changed its name from Schefenacker plc to Visiocorp plc. | |
| 2008 | Sold its audio component business. |
| Opened a joint venture company in China. | |
| 2009 | Became a member of Samvardhana Motherson Group and named SMR - Samvardhana Motherson Reflectec. |
| 2010 | Established two new assembly plants in India. |
| Launched construction of plants in Brazil and Hungary. | |
| Aug. 2013 | Opened a new production plant for automotive mirrors in Langfang, Hebei Province, China. |
| 2015 | Started plants in USA and China |
| 2016 | Started plants in USA and South Korea |
| 2017 | Started plants in India and China |
| 2018 | Started plant in Mosonszolnok, Hungary |
| 2019 | Expansion of existing facilities in Hungary, Korea, China and India |
| Apr. 2021 | Acquired majority stake in Plast Met Group, Turkey |
| Nov. 2021 | Acquired majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd. China |
| Aug. 2023 | Completed acquisition of Ichikoh’s mirror business in Japan and China for approximately JPY 5.2 billion, acquiring Misato Industries Co., Ltd. and Ichikoh Automotive Parts Co., Ltd. |
Supplemental Information 1
>>>Business Report FY2006 (Schefenacker)
>>>Business Report up until FY2007 to FY 2010
>>>Business Report up until FY ended Mar. 2015
Archives of Past Exhibits
Note:
-Figures in brackets ( ) indicate a loss
-All financial figures contained in this profile are based on information released by Motherson Sumi Systems Limited.
