29 Jan 2022 , 01:34 AM
TVS Motor Company today announced the successful acquisition of a 75Percentage stake in the Swiss E-Mobility Group SEMG The acquisition reaffirms TVS Motor Companys commitment to expansion in Europe through a portfolio of premium and technology leading brands including Norton Motorcycles and EGO Movement which were recently acquired SEMG is a market-leading provider of e-mobility solutions within the DACH region operating the largest pure-play e-bike retail chain M-way in Switzerland with close to USD 100M in revenue The company has a prestigious Swiss mobility brands portfolio including Cilo Simpel Allegro and Zenith Bikes By combining its extensive physical network and e-commerce platform with two online platforms and 31 physical stores SEMG is able to deliver a seamless and world-class customer experience
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