TVS Motor Company has successful acquired 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired.
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).
TVS Motor Company is a reputed two and three-wheeler manufacturer.