Tvs Supply Chain Solutions Limited has informed the Exchange about Acquisition
TVSSCS · price
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TVS Supply Chain Solutions Limited announced that its wholly owned subsidiary, TVS Logistics Investment UK Limited (TVS LIUK), has acquired an additional 30% equity stake in TVS Autoserv GmbH for €500,000 in cash. With this acquisition, TVS LIUK's holding in Autoserv has increased from 51% to 81%, strengthening its control over the German automotive logistics entity. TVS Autoserv GmbH is engaged in the business of buying, selling, logistics services, and washing of automotive and technical components, with a turnover of €13.14 million in FY25 (up from €11.77 million in FY24). The acquisition is part of the company's business strategy and is not a related party transaction. The deal is expected to be completed in July 2025.
This is a relatively small acquisition (€500,000) that increases the parent subsidiary's control over an existing subsidiary. The move is unlikely to have a material impact on the stock price but signals a consolidation of the automotive logistics business in Europe.