TVS Motor acquires 75% stake in e-bike player Swiss E-Mobility for Rs 486cr
TVS Motor Company has acquired a 75% stake in Switzerland-based pure-play electric bike (e-bike) player Swiss E-Mobility Group (SEMG) for CHF60.28 million (INR 486 crores) to increase its footprint in Europe. The all-cash deal has come close on the heels of TVS Motor’s acquisition of technology companies Norton Motorcycles and EGO Movement in the region. […]