Corporate Valuations - News After PKC buy, Motherson Sumi may bid to acquire a Bosch arm



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


Date: 28-March-2017

Country’s biggest component maker Motherson Sumi may bid for a division of Bosch that has annual revenues of $1 billion. Motherson has just spent 571 million euros in acquiring PKC, a Finnish firm that manufactures wiring harnesses for commercial vehicle producers. Motherson has raised a long-term debt of $225 million euros to fund this deal. Bosch clocked revenues of $5.7 billion in FY16 and aims to reach $18 billion by 2020. PKC, which has revenues of 846 million euros is an important step towards the 2020 target.

 
 
 
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