Autobayng News Team
Motherson International Ltd on Wednesday said that its wholly owned indirect subsidiary SMR Automotive (Langfang) Co., Ltd will acquire China-based Shenzhen Autocruis Technology Co., Ltd, through a primary capital infusion of CNY 153.3 million or about $22.6 million.
The company specialises in automotive vision and camera systems.
The Motherson subsidiary will initially acquire a 64.76 per cent equity stake through a primary capital infusion.
Subsequently, Shenzhen Autocruis will undertake a share buyback, following which Motherson’s stake is set to rise to 67.78 per cent.
Headquartered in Shenzhen, Shenzhen Autocruis designs and develops automotive vision and camera-based systems (such as Camera Monitoring Systems, Full Digital Mirrors, surround-view systems, and Driver Monitoring Systems) for both commercial and passenger vehicles.
According to SMR Automotive (Langfang), the acquisition aligns with the company’s strategy to expand into advanced camera-based automotive solutions, while strengthening its in-house capabilities in video processing, algorithms, image quality, and FPGA technologies.
It also provides direct access to the Chinese automotive market through the target’s established relationships with key passenger and commercial vehicle OEMs.
Under the agreement, Motherson will secure majority representation on the target’s Board of Directors, along with a Right of First Refusal (ROFR) and a three-year non-compete commitment from the existing founders. The transaction remains subject to customary regulatory approvals in China and is expected to be completed by Q3 FY2027.
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