Motherson Sumi plays M&A game again, PKC buy is earnings-accretive

PKC buy will boost revenues by 17% in initial year

Motherson Sumi has perhaps mastered the art of acquisitions. In the past, the Street has seen how it has turned around loss-making companies. Analysts have little doubt that it’s latest shopping, PKC, will be a hit.

The numbers also instil confidence, and suggest that Motherson will benefit from the deal, financially as well as in achieving its long-term goals.

PKC is a listed company, headquartered in Finland. It specialises in wiring harness for commercial vehicles and has a strong foothold in North America and Europe. 

The best feature about PKC is that it closed FY15 with revenues of 908 million