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TVS Motor Company acquires Swiss E Mobility Group AG

SEMG, one of the leading providers of e-mobility solutions within the DACH region, operates the largest pure-play e-bike retail chain M-way in Switzerland with close to $100 million in revenue.

January 27, 2022 / 10:07 PM IST
At the signing in ceremony Left to right: Sharad Mohan Mishra, President, Group Strategy, TVS Motor Company, Sudarshan Venu, Joint Managing Director, TVS Motor Company,  Sir Ralf Speth,  Chairman designate, TVS Motor Company, Reto Waeffler - CEO SEMG & Rainer Fröhlich, Founder & Managing Partner, CONSTELLATION CAPITAL.

At the signing in ceremony Left to right: Sharad Mohan Mishra, President, Group Strategy, TVS Motor Company, Sudarshan Venu, Joint Managing Director, TVS Motor Company, Sir Ralf Speth, Chairman designate, TVS Motor Company, Reto Waeffler - CEO SEMG & Rainer Fröhlich, Founder & Managing Partner, CONSTELLATION CAPITAL.

TVS Motor Company on January 27 announced that it has acquired a 75 percent stake in Swiss E Mobility Group AG (SEMG).

With this acquisition, the company is mulling at its expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired, the firm said in a regulatory filing.

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“TVS Motor has always been committed to sustainability and has been investing in electric vehicles for over 10 years. The increasing global focus on the environment and personal well-being is rapidly accelerating demand for newer mobility solutions, and TVS Motor is investing to drive this change,” TVS Motor Company Chairman Venu Srinivasan said.