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TVS Motor Singapore arm to acquire a 25% stake in Swiss E-Mobility

by Koushik Gope
Published: Last Updated on 0 comment

TVS Motor Company’s Singapore arm, TVS Motor (Singapore) Pte Ltd., has agreed to acquire an additional 38,217 shares (25% stake) in Swiss E-Mobility Group (Holding) AG for CHF 517.36 per share (Rs 47,232 per share) or approximately Rs 180.5 crore. This will make SEMG a wholly owned subsidiary of TVS Motor Company.

The acquisition is in line with TVS Motor Company’s strategy to expand its presence in the electric mobility space. SEMG is a leading provider of e-mobility solutions in Europe, with a strong portfolio of brands, including Cilo, Simpel, and Allegro. The acquisition will give TVS Motor Company access to SEMG’s expertise and distribution network, which will help it accelerate its growth in the electric mobility space.

The acquisition is expected to be completed in the second quarter of FY23.

Here are some of the key benefits of the acquisition for TVS Motor Company:

  • Access to SEMG’s expertise and distribution network in the European e-mobility market.
  • Accelerating TVS Motor Company’s growth in the electric mobility space.
  • Strengthening TVS Motor Company’s position as a global leader in the two-wheeler industry.

The acquisition is a positive development for TVS Motor Company and is likely to be well-received by investors. The acquisition will help TVS Motor Company accelerate its growth in the electric mobility space and strengthen its position as a global leader in the two-wheeler industry.

TVS Motor (Singapore) Pte Ltd.

TVS Motor (Singapore) Pte Ltd. is a wholly owned subsidiary of TVS Motor Company Limited, headquartered in India. It was incorporated in Singapore in 2016 to focus on the automotive and fintech industries. The company has a portfolio of offerings in the Connected Factory, Credit Services, and Fleet Management domain. It delivers high-quality solutions to help address real-life business challenges by harnessing the power of Analytics, Artificial Intelligence (AI), Augmented Reality (AR), Internet of Things (IoT), Machine Learning (ML), and Virtual reality (VR).

TVS Motor (Singapore) Pte Ltd. has a strong team of experienced professionals with expertise in the automotive and fintech industries. The company is committed to providing innovative and customer-centric solutions that help its clients achieve their business goals.

Here are some of the company’s key achievements:

  • In 2017, the company launched its first product, a Connected Factory solution that helps manufacturers improve operational efficiency and productivity.
  • In 2018, the company launched its second product, a Credit Services solution that helps financial institutions assess and manage risk.
  • In 2019, the company launched its third product, a Fleet Management solution that helps businesses track and manage their fleets of vehicles.

TVS Motor (Singapore) Pte Ltd. is a fast-growing company with a bright future. The company is well-positioned to capitalize on the growth opportunities in the automotive and fintech industries.

TVS Motor’s future plans:

  • Expand its product portfolio to include new solutions for the automotive and fintech industries.
  • Grow its customer base in Asia Pacific, Europe, and North America.
  • Partner with leading companies in the automotive and fintech industries to develop innovative solutions.

TVS Motor (Singapore) Pte Ltd. is a company to watch. The company has the potential to become a major player in the automotive and fintech industries.

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