TVS Motor acquires German auto R&D co. for USD 26-K

Publicly listed TVS Motor, via its Singapore unit, has acquired 100% stake in BBT 35/22 Vermögensverwaltungs GmbH, a Munchen, German-based company for 25,000 euros (about USD 26,450) in cash. The acquired company will be renamed as Celerity Motor GmbH. The German firm undertakes activities related to two- and three-wheelers, including research, development, engineering, and sales. It is yet to commence business operations.