Groclin sells subsidiaries to Finnish PKC Group

Automotive seating manufacturer Groclin has singed a deal with Finnish PKC Group to sell its rolling stock electrical distribution system business for €50 million (over PLN 200 million), the company informed. Groclin is selling Wiring & Controls, including its subsidiary Kabel-Technik-Polska (KTP). The transaction is to be completed in June 2015. The WSE-listed Groclin exports its goods to the US, Brazil, Mexico, Sweden, Denmark and Italy, among others.