TVS Motor Group acquires majority stake in another European e-bike company

WARWICK, England - Indian two-wheeler and utility vehicle manufacturer TVS Motor Company Limited has acquired a majority stake in the British e-bike supplier EBCO Ltd. The £1.16 million (€1.39 million) deal also has a direct impact on German Iko Sportartikel Handels GmbH and its Corratec bicyle and e-bike brand.
From left to right: Sir Ralph Speth, Chairman TVS Motor Company, Rick Stanforth and Paul Stanforth, co-founders EBCO, Sudarshan Venu, Joint Managing Director, TVS Motor Company and Sharad Mohan Mishra, President and Head of E-Bike, TVS Motor Company. - Photo EBCO