TVS Motor to acquire Engines Engineering S.p.A as wholly owned subsidiary
The acquisition of a company specializing in engineering and design services is likely to have a moderate positive impact on TVS Motor's growth and capabilities.
The acquisition of Engines Engineering S.p.A. is expected to strengthen TVS Motor's position in the global mobility market.
* TVS Motor (Singapore) Pte Ltd will acquire 1,000,000 equity shares in Engines Engineering S.p.A (EE) from ACT S.r.l. * Upon completion, EE will become a wholly-owned subsidiary of TVS Motor (Singapore) Pte Ltd. * The acquisition is expected to be completed by 1 October 2025, subject to conditions. * The cost of acquisition is EUR 5.05 (₹45.45) per share, totaling EUR 5,050,000 (₹45.45 Crore). * EE is involved in engineering and development of two-wheeler and three-wheeler vehicles. * EE's revenue for the last 3 calendar years: EUR 11,473,120 (₹103.26 Crore) for 2022, EUR 5,530,901 (₹49.78 Crore) for 2023, and EUR 11,282,556 (₹101.46 Crore) for 2024. * The acquisition aligns with TVSM's vision to become a leading global mobility player.
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TVS Motor Company Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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