new delhi auto component maker motherson sumi systems on monday announced the completion of the purchase of the rearviewmirror business of ukbased visiocorp plc for about for rs 176 crore and said it will make new investments in the company over the next one yearit said it will invest 80 million in visiocorp while looking for more takeovers in the overseas markets motherson sumi systems acquired the company along with samvardhana motherson finance ltd smfl visiocorp is a good stepping platform for us for future acquisitions smfl director laksh vaaman sehgal told reporters here visiocorp has 16 manufacturing units with over 300 patent registered under its belt of the total investment 30 million would come from internal accruals of smvsl for restructuring while 50 million would be raised as debt for working capital and tooling machineries he added the acquisition of visiocorp includes product rights worldwide and global ownership of patents and assets sehgal said post acquisition the newlyformed parent entity will be known as samvardhana motherson visiocorp solution ltd motherson sumi the flagship company of the motherson group has more than 90 plants and offices worldwide it is 273 owned by sumitomo wiring systems a unit of japans sumitomo electric industries ltd japanese trading and investment company sojitz holds another 96 in motherson sumi which counts bmw ag daimler ag ford motor co and maruti suzuki india ltd among its customerssehgal said the company is keen to enter the aerospace component manufacturing business we are an automotivefocussed group but if there are any other opportunities and synergies through aerospace we are more than willing to look at that