Motherson acquires French component maker Reydel for $201 million

Reydel has twenty plants spread in sixteen countries and counts Renault, PSA, Volkswagen, GM and Mahindra in its list of customers

Country’s largest auto component player, Motherson Sumi will invest $201 million to acquire Reydel Automotive Group (Reydel), a manufacturer of interior components and modules for global automakers. This will be the twenty-first acquisition for Motherson. 

Reydel, a French company, clocked revenues of about $1 billion with an EBITDA of $68 million (provisional, and in accordance with US GAAP) for the year ended December 31, 2017. This acquisition will expand Motherson’s revenue by at least $1 billion, taking it closer to its stated target of $18 billion by FY2020. It has reported revenues of Rs 405 billion for the nine months