TVS Motor Company acquires Switzerland's largest e-bike player - Swiss E-Mobility Group AG (SEMG)
Speaking on the occasion, Sir Ralf Speth, Chairman designate, TVS Motor Company, said, "TVS Motor is committed to being at the forefront of e-personal mobility globally.
- Speaking on the occasion, Sir Ralf Speth, Chairman designate, TVS Motor Company, said, "TVS Motor is committed to being at the forefront of e-personal mobility globally.
- Adding on, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company, said, "This acquisition furthers TVS Motor's commitment towards e-personal mobility products.
- The acquisition has been made in an all-cash deal through TVS Motor's Singapore Subsidiary, TVS Motor (Singapore) Pte Ltd.
TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. - The Swiss E-Mobility Group AG was incepted as a part of the CONSTELLATION V fund in 2018, and advised by CONSTELLATION CAPITAL AG, one of Switzerland's leading investment firms.