Motherson Rolling Stock Systems GB Limited, U.K. signs definitive agreement with Bombardier Transportation UK Ltd.

Deepthi | Myequity news | Date : 28-02-2019 20:48:00 IST

Motherson Rolling Stock Systems GB Limited, U.K. ("MRSS"), (a wholly owned indirect subsidiary of Motherson Sumi Systems through PKC Group Oy), has signed a definitive agreement with Bombardier Transportation (Rolling Stock) UK Ltd. to acquire business and corresponding assets in connection with the production and installation of electrical components and systems for applications in the rail industry, comprising among others the manufacturing of wiring harnesses, panel and cabinet build and electromechanical assemblies in Derby, UK. The transaction is subject to customary closing events and expected to complete in April-June quarter of 2019.


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