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TVS Motor Company Limited (TVSMOTOR.NS)
- Reuters
TVS Motor snaps up British brand Norton Motorcycles
India's third-largest motorbike manufacturer TVS Motor has sealed a $20 million deal to buy British brand Norton Motorcycles as part of a distressed sale. The all-cash transaction, which was announced on Friday, will see the Indian firm take control of the 122-year-old Leicestershire brand for 16 million pounds ($19.98 million) through one of its overseas subsidiaries. It marks the latest swoop by an Asian company on an iconic British brand, after Jaguar Land Rover became part of Tata Motors.
- Reuters
India's TVS Motor snaps up British brand Norton Motorcycles
India's third-largest motorbike manufacturer TVS Motor <TVSM.NS> has sealed a $20 million deal to buy British brand Norton Motorcycles as part of a distressed sale. The all-cash transaction, which was announced on Friday, will see the Indian firm take control of the 122-year-old Leicestershire brand for 16 million pounds ($19.98 million) through one of its overseas subsidiaries. It marks the latest swoop by an Asian company on an iconic British brand, after Jaguar Land Rover became part of Tata Motors.
