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HomeEconomyIndia's Samvardhana Motherson buys Germany's Dr.Schneider for $132 million

India’s Samvardhana Motherson buys Germany’s Dr.Schneider for $132 million

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BENGALURU (Reuters) – Indian auto parts maker Samvardhana Motherson International (SMIL) said on Monday it acquired Germany’s Dr. Schneider Group through an insolvency process for 118.3 million euros ($131.6 million).

($1 = 0.8990 euros)

(Reporting by Sethuraman NR in Bengaluru; Editing by Dhanya Ann Thoppil)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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