Ann Gerstner, president of PKC Group’s railcar business “By acquiring the business, we will become a true global partner for our customers and have the opportunity to serve them in the North American market.” ‘

NEW DELHI: Automotive components giant Motherson Sumi Systems Limited (MSSL) on Tuesday announced that its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V., has announced that it has entered into an Asset Sale and Purchase Agreement for the acquisition of Bombardier Transportation in Hueveretocaca Power Cabling Interconnections, Inc. Systems (EWIS) project at the manufacturing site (BT Ensambles Mxico). Manufacturing Site (BT Ensambles Mxico) Systems (EWIS) Project.

MRS Motherson, part of the Motherson Rolling Stock Division, designs and manufactures electrical cabinets, power packs and distribution systems for leading railcar manufacturers.

MSSL, through its PKC Group (acquired in March 2017), is engaged in the manufacturing of wiring harnesses for railroad vehicles, primarily in Europe and the US. In 2019, the company acquired Bombardier’s UK locomotive electrical components and systems business in Derby through its subsidiary Motherson Rolling Stock Systems GB Limited, UK (MRSS). Now that a definitive agreement between MRS and Bombardier has been signed, the relationship will extend to Mexico.

The transaction involves a transfer value of approximately $10,000 based on no debt and no cash $10,000 in assets, employees and inventory. (Adjusted to your customary). 2019 revenue from the above operations is $25 million. The transaction is expected to close in accordance with customary procedures and is expected to close in the fourth quarter of fiscal 20-21.

BT Electrical Wiring Interconnect Systems (EWIS) provides best-in-class wiring harnesses and electrical components based on global standard solutions. MRS continues to manufacture the same wiring harness products at its Huehuetoca, Mexico facility as it does today, improving efficiencies in time-to-market, just-in-time delivery and cost structure. The companies are currently working to ensure a smooth transition of employees and operations to minimize any potential impact, and expect to complete the transaction in the fourth quarter of fiscal 20-21.

Chaand Sehgal, Chairman, MSSL Vivek “Our focus has always been on adding value to our customers’ supply chain and meeting their needs. This is another step in that direction. We will further advance this goal through our global partnership agreements.” Our relationship with Bombardier will make us the solution provider of choice for our customers in the railcar business.

Ann Gerstner, President, Rail Vehicle Business Unit, PKC Group “The acquisition will give us the opportunity to serve our customers in the North American market and to become a true global partner for them.” ‘

“The global rail market is very dynamic and increasingly competitive. Bombardier Transportation’s goal is to continuously improve its competitiveness and global position by increasing its adaptability and agility to changing market conditions. This dilemma addresses key personnel.” said Jim Vounassis, Chief Operating Officer, Bombardier Transportation.

“Bombardier has been working to establish long-term supplier partnerships for wire harnesses and components in the U.S., and MRS is an excellent strategic partner in this regard, so this deal is beneficial to both parties.” Bombardier Transportation added that the U.S.