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Motherson Sumi Systems inks pact to acquire Bombardier’s EWIS business

Wednesday, 21 Oct 2020
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Motherson Sumi Systems (MSSL), through its Mexican subsidiary, Motherson Rolling Stocks S de R L de C V (MRS), has signed an asset sale and purchase agreement to acquire Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico (BT Ensambles México).  
MRS is part of the Motherson Rolling Stock Division which designs and manufactures electrical cabinets, power packs and electrical distribution systems for leading rolling stock manufacturers. 
MSSL, through PKC Group, is engaged in the manufacturing of wiring harnesses for rolling stock, mainly in Europe and the Americas region. 
In 2019, the company through its subsidiary Motherson Rolling Stock Systems GB, UK (MRSS) acquired Bombardier’s UK rolling stock electrical component and systems business in Derby.
Now, with the execution of this definitive agreement between MRS and Bombardier, the relationship will expand to Mexico.  
The transaction includes the transfer of assets, employees and inventories, on a debt-free and cash-free basis and is valued at around USD 10 million, subject to customary adjustments. The revenue of the said business was USD 25 million for 2019. The transaction is subject to customary closing events and expected to complete in Q4/FY21. 
BT Electrical Wiring Interconnection Systems (EWIS) provides harnesses and electrical assembly based on standard solutions. MRS will continue manufacturing the electrical harnesses product at the Huehuetoca site in Mexico with enhanced efficiency in time-to-market, on-time delivery and cost structure.
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