Reference transaction
Advisor to SCS Stahlschmidt Cable Systems
on the sale to Suprajit USA Inc.
Saxenhammer exclusively advised SCS Stahlschmidt Cable Systems on the sale to Suprajit USA Inc., a subsidiary of Suprajit Engineering Ltd.
The SCS group is specialized in the production of components and assemblies for Bowden cables and mechanical release systems and employs around 1,000 people worldwide at its sites in Germany, Poland, Morocco, Canada and China. The products are used for example in car doors, front and tailgates and seat systems.
Christian Saxenhammer, Managing Partner at Saxenhammer, comments: "This cross-border deal once again underlines our expertise in transformation M&A and the automotive sector. Like many German medium-sized companies, the SCS Group is undergoing a transformation process. We are pleased to be able to support them in ensuring the continued existence of the company and securing more than 1,000 jobs worldwide.
Suprajit is a global leader in the automotive cable and halogen bulb industry. With the most competitive manufacturing base in India, and its technical and logistical supports worldwide, the group provides the optimal product development and manufacturing solutions to its domestic and international customers.
Ajith Rai, Founder and Chairman of Suprajit, comments: "This acquisition will further strengthen our global manufacturing presence in the Light Duty Cable segment. Suprajit will be able to offer its customers low-cost manufacturing locations, nearshoring capabilities and a perfect customer-centric supply chain. Following consolidation and reorganisation, this acquisition will lead to improved customer service, global growth and margin improvements in the medium term."
N.S. Mohan, Managing Director and CEO of Suprajit, adds: "This transaction underlines the confidence that the major OEMs and Tier 1 suppliers in Europe have in Suprajit as a global cable manufacturer. The acquisition is supported by SCS' customers, suppliers and management, who are committed to preserving a company with a 100-year history."
