- TVS Motor Company has announced the acquisition of 75 percent stake in the Swiss e-Mobility Group (SEMG) for $100 million. Further TVS Motor plans to acquire the remaining 25 percent in the company soon.
- This is TVS Motor’s second acquisition in Switzerland for FY22. In September 2021, it had acquired 80 per cent stake in EGO Movement for $17.9 million.
- SEMG is a market-leading provider of e-mobility solutions within the DACH region. DACH region refers to the three Central European countries of Germany (D- Deutschland(German name of Germany), Austria (A), and Switzerland (CH).
Points to remember:
- Which company has acquired 75% stake in Swiss e-Mobility Group (SEMG) for $100 million?- TVS Motors
- Amount of deal?- $100 million
- Countries in DACH nations?
Source: Business Standard