TVS Motors acquires Norton

TVS Motors acquires Norton

April 17, 2020 0 By The Editor

TVS Motor Company announced the successful acquisition of Britain’s most iconic sporting motorcycle, “Norton”. TVS Motors acquires Norton in an all-cash deal for a consideration of GBP16 million by acquiring certain assets of Norton Motorcycles (U.K.) Limited. Thus carried out (in administration) through one of TVS Motor’s overseas subsidiaries. Thereby making this one of the most interesting acquisitions of a storied motorcycle maker in recent times. And, it will reflect TVS Motor Company’s and India’s rapidly rising prominence in the international two-wheeler market.