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Motherson Sumi subsidiary acquires majority stake in Turkey s Plast Met Group ANI | Updated: Jan 18, 2021 17:13 IST Amsterdam [The Netherlands], January 18 (ANI): Samvardhana Motherson Automotive Systems Group BV (SMRPBV) on Monday announced the acquisition of a majority stake in two Turkey-based makers of moulded parts, sub-assemblies for mirrors and lighting systems. SMRPBV will acquire a 75 per cent stake in Plast Met Plastik Metal San ImalatveTic AS (PM-Bursa) and Plast Met Kalip San.veTic AS (PM-Istanbul) together known as Plast Met Group (Turkey) through its subsidiary Samvardhana Motherson Reflectec (SMR). The companies reported combined revenues of 33 million euros in 2019 and 28 million euros in 2020.

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