Thursday, 29 March 2012

UK component maker acquired by TVS Group

Tvs-group
TVS group has reportedly acquired Universal Components, UK Ltd, Britain's wholesale distributor of commercial vehicles' parts and accessories.
It was reported that this is the second acquisition by the TVS Group in the UK after the buyout of Multipart Holdings in 2009.
With the two acquisitions, the group's turnover will cross Rs 1,000 crore in the UK and employ nearly 500 persons, according to reports.Automobile News

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