Acquisitions3 Jul 2025, 11:40 am
UNO Minda Ltd Completes Acquisition of IP Rights and E-Drive Business Assets in Germany
AI Summary
UNO Minda Ltd, through its wholly owned subsidiary UnoMinda EV Systems Private Limited, has completed the acquisition of e-drive business assets, Intellectual Property Rights, the know-how and R&D Team relating to the e-Drives Business technologies including the required control hardware and service software located at Germany, from Friwo Group Entities. The acquisition of e-Drives Business Assets at Vietnam from Friwo is currently under process and is expected to be completed by July 15, 2025.
Key Highlights
- UNO Minda Ltd completes acquisition of e-drive business assets and IP rights in Germany
- Acquisition includes know-how, R&D team, control hardware, and service software
- Acquisition is part of UNO Minda's strategic expansion in e-drive business
- Acquisition process in Vietnam from Friwo is ongoing and expected to complete by July 15, 2025