Samvardhana Motherson International Ltd to Acquire SAS Autosystemtechnik GmbH Call Transcript
Ladies and gentlemen, good day, and welcome to the conference call of Samvardhana Motherson International Limited. (Operator Instructions) I now hand the conference over to Mr. VC Sehgal. Thank you, and over to you, sir.
Thank you. Ladies and gentlemen, good morning, and thank you for joining us today, early morning. We are delighted to announce that Samvardhana's board has approved 100% acquisition of SAS Autosystemtechnik GmbH from Faurecia. SAS is a leading global provider of cockpit module assembly, managing complex logistics with strong expertise in [GIT/GIS] solutions.
This acquisition will further entrench and integrate Motherson in the supply chain and cement that Tier 0.5 position and ability to closely serve our customers. This business has a unique ability to serve new energy OEM, the EVs, MEVs platform. These OEMs predominantly focus towards technology and product development with outsourcing, manufacturing and assembly to trusted and competent suppliers.
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