WebOct 8, 2024 · Motherson Sumi Systems Limited (MSSL) on Friday announced the acquisition of a majority stake in CIM Tools. This acquisition will mark MSSL’s entry into the aerospace industry. MSSL will acquire … WebAuto components major Motherson Sumi Systems Ltd (MSSL) on Wednesday said it has successfully completed the acquisition of a majority stake in Bengaluru-based CIM Tools Private Ltd. In October last year, MSSL had announced acquiring a 55 per cent stake in CIM Tools Private Limited (CIM), which is a leading supplier in the aerospace supply chain.
Motherson Sumi Systems buys stake in aerospace machining firm CIM Tools
WebOct 8, 2024 · Motherson Sumi Systems Limited (MSSL) on Friday announced the acquisition of a majority stake in CIM Tools. This acquisition will mark MSSL’s entry into the aerospace industry. MSSL will acquire … WebOct 9, 2024 · Motherson Sumi Systems did not reveal the financial terms of the deal. The auto component manufacturer will acquire the stake from the promoters of CIM Tools. In turn, CIM Tools will hold a stake of 83% in Aero Treatment Private Limited (ATPL) and presently has a stake of 49.99% in Lauak CIM Aerospace, which is a joint venture with … chinos river island
Motherson Sumi forays into Aerospace; acquires majority stake in …
WebOct 8, 2024 · CIM Tools CIM Tools is engaged in machining and sub-assembly of components for the aerospace industry. Acquiring Organization: Motherson Sumi Systems Motherson Sumi manufactures different kinds of parts essential to the automotive industry. WebApr 7, 2024 · Motherson Sumi completes acquisition of 55% stake in CIM Tools CIM in turn holds 83 per cent stake in Aero Treatment Private Ltd (ATPL) and 49.99 per cent stake … WebCIM Tools is an aerospace company based in Bangalore, India. It supplies machined parts and subassemblies to all commercial variants of Airbus and Boeing with Tier 2 and Tier 1 … chinos selected homme