Acquisitions18 Jul 2025, 07:17 pm
TVS Supply Chain Solutions Acquires 30% Additional Stake in TVS Autoserv GmbH for €500,000
AI Summary
TVS Supply Chain Solutions Ltd, through its wholly owned subsidiary TVS Logistics Investment UK Limited (TVS LIUK), has acquired an additional equity stake of 30% in TVS Autoserv GmbH, a subsidiary of TVS LIUK. This acquisition increases TVS LIUK's equity holding from 51% to 81% in Autoserv. The cost of acquisition is €500,000. TVS Autoserv GmbH is based in Germany and is engaged in the business of buying, selling, and providing logistics services and washing of automotive and other technical components. Its turnover for the last three financial years is as follows: FY25- €13.14 million, FY24- €11.77 million, and FY23- €12.10 million.
Key Highlights
- TVS Supply Chain Solutions Ltd acquires 30% additional stake in TVS Autoserv GmbH through its subsidiary TVS Logistics Investment UK Limited.
- The acquisition increases TVS LIUK's equity holding from 51% to 81% in TVS Autoserv GmbH.
- The cost of acquisition is €500,000.
- TVS Autoserv GmbH is based in Germany and has a turnover of €13.14 million as of March 31, 2025.
- No related party transactions are involved in this acquisition.