After PKC buy, Motherson Sumi may bid to acquire a Bosch arm

It spent €571 mn in acquiring PKC which makes wiring harnesses for commercial vehicle producers

Country’s biggest component maker Motherson Sumi is again in news. The company may bid for a division of Bosch that has annual revenues of $1 billion, the Economic Times reported on Monday. It said the bid could be worth $600 million.

Motherson did not confirm or deny the news. “We always evaluate opportunities to acquire more companies for growth. But any acquisition should meet our customers’ requirements and generate value for the shareholders,” Pankaj Mital, chief operating officer at Motherson told Business Standard.  

Motherson has just spent 571 million euros in acquiring PKC, a Finnish firm that manufactures wiring