TVS Motor Company has agreed to acquire 1,000,000 equity shares in Engines Engineering S.p.A (EE) from ACT S.r.l. Upon completion, EE will become a wholly-owned subsidiary of TVS Motor (Singapore) Pte Limited. The acquisition is aligned with TVS Motor’s vision of becoming a leading global mobility player and provides design and engineering services. The deal is expected to close by October 1, 2025, subject to customary closing conditions.
Strategic Acquisition Announced
TVS Motor Company has announced its agreement to acquire Engines Engineering S.p.A. (EE) through its Singapore subsidiary. The acquisition involves 1,000,000 equity shares and aims to bolster TVS Motor’s design and engineering capabilities.
Engines Engineering S.p.A Details
Engines Engineering S.p.A (EE), based in Italy, specializes in styling, design, engineering, and testing services, primarily focusing on two-wheeled and three-wheeled vehicles. It possesses technical expertise in high-performance and high-displacement engines.
Deal Terms and Rationale
The purchase price is EUR 5.05 per share, totaling EUR 5,050,000 for 100% ownership of EE. The acquisition is subject to standard closing conditions and is expected to be completed by October 1, 2025.
This acquisition aligns with TVS Motor’s broader strategy to establish itself as a global mobility leader and complements its existing acquisitions. TVS Motor views EE as a key partner for providing automotive design and engineering services to TVS Motor and its subsidiaries.
Financial Overview of EE
In 2022, EE reported a revenue of EUR 11,473,120. Revenues were EUR 5,530,901 in 2023 and EUR 11,282,556 in 2024.
Source: BSE
