Acquisitions5 Aug 2025, 07:01 pm
TVS Motor Company's Subsidiary Completes Acquisition Milestone, Pays Balance €0.4 Million
AI Summary
TVS Motor Company Ltd's subsidiary, TVS Motor (Singapore) Pte Ltd, has completed a pre-agreed milestone with Killwatt GmbH, leading to the payment of the balance €0.4 million. This development follows the acquisition of an additional 9.72% stake in Killwatt GmbH for a total consideration of €4 million, with €2 million and €1.6 million paid on 29 February 2024 and 3 February 2025 respectively.
Key Highlights
- TVS Motor Company's subsidiary, TVS Motor (Singapore) Pte Ltd, has completed a pre-agreed milestone with Killwatt GmbH
- This milestone completion triggered the payment of the balance €0.4 million
- The acquisition of an additional 9.72% stake in Killwatt GmbH was for a total consideration of €4 million
- €2 million and €1.6 million were previously paid on 29 February 2024 and 3 February 2025
- The acquisition is a significant development in TVS Motor Company's international growth strategy