Motherson

BENGALURU (Reuters) - Indian auto components maker Samvardhana Motherson International Ltd said its third-quarter profit jumped 85%, meeting estimates.

Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding

Motherson said it is scaling its capabilities to provide integrated solutions to the aerospace industry

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Strong operating performance, falling debt keep Street positive

Margins for the business, too, were down on account of weak operating leverage and the gradual ramp-up of plants

The automotive component maker has averaged one acquisition per year since 2002, and has managed to turn all except one profitable

Impact will be lower on Bosch and Bharat Forge in the medium term

Last month, Motherson announced its 18th acquisition and the biggest till date

Company has mandated Barclays, HSBC and Standard Chartered as joint managers to the issue