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TVS Motor Company acquires Switzerland’s largest e-bike player – Swiss E-Mobility Group AG (SEMG)

Singapore, Jan 27, 2022 - (ACN Newswire) - TVS Motor Company today announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company's commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired.

At the signing in ceremony Left to right: Sharad Mohan Mishra, President, Group Strategy, TVS Motor Company, Sudarshan Venu, Joint Managing Director, TVS Motor Company, Sir Ralf Speth, Chairman designate, TVS Motor Company, Rainer Fröhlich, Founder & Managing Partner, CONSTELLATION CAPITAL, & Reto Waeffler - CEO SEMG

SEMG is a market-leading provider of e-mobility solutions within the DACH region, operating the largest pure-play e-bike retail chain M-way in Switzerland with close to USD 100M in revenue. The company has a prestigious Swiss mobility brands portfolio, including Cilo, Simpel, Allegro, and Zenith – Bikes. By combining its extensive physical network and e-commerce platform with two online platforms and 31 physical stores, SEMG is able to deliver a seamless and world-class customer experience.

Announcing the acquisition, Mr. Venu Srinivasan, Chairman, TVS Motor Company, said, "TVS Motor has always been committed to sustainability and has been investing in electric vehicles for over 10 years. The increasing global focus on the environment and personal well-being is rapidly accelerating demand for newer mobility solutions, and TVS Motor is investing to drive this change."

Speaking on the occasion, Sir Ralf Speth, Chairman designate, TVS Motor Company, said, "TVS Motor is committed to being at the forefront of e-personal mobility globally. SEMG complements our acquisitions of Norton Motorcycles and EGO Movement and strengthens our commitment to environmental sustainability. We offer our customers a compelling portfolio of technologically advanced and environment friendly products."

Adding on, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company, said, "This acquisition furthers TVS Motor's commitment towards e-personal mobility products. We are strengthening our presence in the rapidly growing e-bikes segment. SEMG has strong omnichannel distribution and aspirational brands, including Cilo, Simpel, and Zenith - Bikes. I'm excited to enhance the product range further and scale the company in the DACH region and beyond. I'd like to convey my thanks to CONSTELLATION CAPITAL and Rainer Fröhlich for this foundation which we will build on."

E-bikes are establishing themselves as the de-facto form of personal mobility in Europe due to the increased ease of usage, regulatory support, and overall perception as a sustainable form of transport. With a current penetration of approximately 15% of the total bicycle population in Europe and growing at a CAGR of ~18%, the market for the e-bicycle holds significant growth potential.

Rainer Fröhlich, Founder and Managing Partner, CONSTELLATION CAPITAL, emphasises: "In TVS Motor, we have found the ideal and an exceptionally dynamic partner for SEMG to reinforce and expand the Group's position as a market leader. The strategy of having a global leader like TVS as a majority shareholder not only offers untapped potential in quality assurance and procurement in the global supply chain but also lays the foundation for future expansion of the group beyond national borders."

The acquisition has been made in an all-cash deal through TVS Motor's Singapore Subsidiary, TVS Motor (Singapore) Pte Ltd.

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 70 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for five years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

About Swiss E-Mobility Group AG (SEMG)

The Swiss E-Mobility Group AG was incepted as a part of the CONSTELLATION V fund in 2018, and advised by CONSTELLATION CAPITAL AG, one of Switzerland's leading investment firms. Since then, SEMG has been pursuing a growth strategy combining organic and inorganic opportunities through the acquisition of various companies in the e-mobility industry. SEMG represents a Switzerland based institution in the fast-growing e-mobility market, offering traditional Swiss and other attractive bicycle complementary services via a customer-centric multi-channel strategy in the DACH region. Their portfolio of four own e-bike brands (Simpel, Cilo, Allegro, Zenith) are relevant across all major e-bike segments from E-city, E-mountain bikes to niche segment in Speed Pedelec. SEMG's role as a key distributor of major e-bike brands (Cube, Haibike, Canondale, Kalkhoff, Focus, Stromer, Moustache, KTM, etc.) also provides customers with a holistic range of e-bike products to choose from. For more information, please visit https://www.semg.ch/.

For more information, please contact:
Varghese M Thomas: [email protected]
K S Harini: [email protected]



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTVS Motor Company today announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). ?The acquisition reaffirms TVS Motor Company?s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired.

Saudi Arabia Construction Equipment Market Report 2022: Strategic Assessment & Forecasts to 2028 – Market will be Valued at $1,889.5 Million – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Saudi Arabia Construction Equipment Market – Strategic Assessment & Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering. Saudi Arabia construction equipment market size will be valued at USD 1,889.5 million by 2028. The market is expected to reach 22,784 units, growing at a CAGR of 5.58%, due to increased use of excavators […]

The post Saudi Arabia Construction Equipment Market Report 2022: Strategic Assessment & Forecasts to 2028 – Market will be Valued at $1,889.5 Million – ResearchAndMarkets.com appeared first on Fintech News.

Link11 Sets New Standards in DDoS Protection as Test Winner

In a recent performance test, cybersecurity provider Link11 was benchmarked against leading international security vendors and emerged as the winner. The study by Frost & Sullivan emphasized the importance of precise detection and speed in mitigating DDoS (Distributed Denial of Service) attacks.

DeFi Technologies Inc Adds the Melanion Bitcoin Exposure Index into Its Platform

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Russian crypto ban proposal draws denunciations from Telegram’s Durov and Navalny’s chief of staff

Leonid Volkov and Pavel Durov are both speaking out against the new proposal to ban crypto in Russia.

The post Russian crypto ban proposal draws denunciations from Telegram’s Durov and Navalny’s chief of staff appeared first on The Block.

On The Ground In El Salvador With Samson Mow And The Volcano Bitcoin Bond

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Skyrim VR Looks Even Better As A Comic Book

VR mods bring the popular VR game to life in a whole new light. I know what you’re thinking: “another story about Skyrim? Really?” Bethesda’s seemingly unkillable fantasy RPG was first released back in 2011 for PC and consoles and has since been ported to every platform known to man, including VR. So what more […]

The post Skyrim VR Looks Even Better As A Comic Book appeared first on VRScout.

Will Rivals Take On Ethereum in the NFT Market?

Ethereum

According to a JPMorgan’s analyst, Solana and Tezos have the ability to take on Ethereum’s dominance in the NFT ecosystem. The NFT market is a massive pie that everyone wants a piece of. According to Nikolaos Panigirtzoglou, an analyst at JPMorgan, Ethereum (ETH) was supposedly the dominator in the first phrase. It appears that the [...]

The post Will Rivals Take On Ethereum in the NFT Market? appeared first on Blockonomi.

Corporate NFT – The Antidote To Counterfeit Products

It has long been said that imitation is the highest form of flattery. The rapid development of technology, shortening the production chains and product life cycle, new distribution models developed by the world’s largest corporations, the progressive shift of retail trade to the web, changes in consumer habits and the ever-increasing dominance of large internet platforms, meant that this sentence should now read: copying is the simplest form of theft. Radosław Krzycki , COO Skey Network According to one of the best current studies of this type, the OECD report on world trade and counterfeit goods, in 2019 the share of counterfeit products in global trade was 3.3% and was growing rapidly. In the European Union itself, the share of counterfeit goods was even higher and accounted for 6.8% of imports. Importantly, this number does not include counterfeits produced within the EU countries and their distribution via the Internet (so in reality it is probably much higher). According to the estimates of the ICC – the International Chamber of Commerce, the value of the trade in counterfeit products will increase to almost one trillion dollars in 2022, and the number of jobs lost will be between 4.2 and 5.4 million. More difficult to estimate is the size of counterfeit digital goods, which increases in direct proportion to the traffic and importance of the global network. In 2022, piracy of music, movies, series and software will cost up to $ 854 billion in losses. How do you stay authentic in a world that is becoming more and more artificial and repetitive? How to transfer quality, value and brand reputation from the physical to the digital world without losing the attributes of originality? The answer is provided by blockchain technology and its latest version – NFT – (non-fungible token). In short – it is a unique, inimitable piece of information stored in the blockchain data chain, constituting a kind of digital “tag” and a certificate that guarantees the originality of a non-physical product or work. With the help of NFT tokens, we can confirm that the product we have purchased comes from a legal source, was produced by exactly this company or a specific artist. Today, the real world is more and more often mixed with the digital world, and NFTs combine both dimensions. Let’s take an example product – a bag from a reputable manufacturer X. When you buy it in a store in a shopping center, you get a real product with a sewn-in tag, logo and barcode on the label. By applying the NFT technology to the sales process, the client, when purchasing a physical product, receives an additional, special code (e.g. QR), which gives him the right to have an equivalent of an exemplary bag in the digital world, with all the advantages – prestige, a certificate of originality, a value carrier or the right to resale. What are the advantages of this solution for companies? It is not only an effective method of fighting counterfeit and piracy, but the first step to the digital transformation of their brands and a smooth transition to the world of the metaverse, as well as gaining new markets and entering dynamically growing sales channels. An additional advantage is building the image of the company as modern, quickly adapting to changes and attractive for the youngest, technologically conscious consumer segment. It is worth emphasizing – this is not an investment dedicated only to premium brands, as evidenced by the movements of companies such as Nike, which bought the creator of NFTs and shoes existing only in virtual space. The mass use of this solution is only a matter of time. Probably in the near future, the authenticity of each product can be confirmed on the Internet by scanning its code / label. They will not only be a carrier of value (because who would not like to have shoes that never deteriorate, look like new and can always be sold), but a real source of income for their owners and creators. An example is the popular “skins” in computer games, that is, graphical modifications of the appearance of a character or part of their outfit. One of these skins in CS: GO recently sold for $ 150,000. What will the future hold? In Q3 2021, the NFT market exploded to $ 10.7 billion, up from just $ 1.3 billion in Q2. The vast majority of sales were made by NFTs from the “cheap” segment, ie those with prices between 0-100 and 100-1000 dollars. This confirms the thesis that the solution is universal for every company, not only those from the premium segment. As you can see, the entry threshold is rather low and the growth potential is very high. In entering this new, lucrative market, the key is to choose the right technology – the provider and type of blockchain on which we want to base our digital products. There are still relatively few companies with the appropriate know-how and experience in this field. To be successful, you need to act boldly, decisively, and most importantly – quickly, and grab the bull by the horns. Only more and more often it turns out that the bull does not have to be material …    

United States $950+ Mn Continuous Renal Replacement Therapy Markets, 2021-2028 by Product (CRRT System, Disposables, Liquids), & Modality (SCUF, CVVH, CVVHD, CVVHDF) – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “U.S. Continuous Renal Replacement Therapy Market 2021 – 2028” report has been added to ResearchAndMarkets.com’s offering. The U.S. continuous renal replacement therapy market size is expected to reach USD 957.2 million by 2028. It is expected to expand at a CAGR of 6.1% from 2021 to 2028. The U.S. market is expected to […]

The post United States $950+ Mn Continuous Renal Replacement Therapy Markets, 2021-2028 by Product (CRRT System, Disposables, Liquids), & Modality (SCUF, CVVH, CVVHD, CVVHDF) – ResearchAndMarkets.com appeared first on Fintech News.

FOTA- Fight Of The Ages , A Crypto Game With AR Tech

The post FOTA- Fight Of The Ages , A Crypto Game With AR Tech appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

In 2021, the NFTs all but took over the crypto world. They’ve become so commonplace that they’re now even a staple in mainstream pop culture. But for all of the heat around the NFT phenomenon, not many people can tell you what use cases they have beyond the digital art sphere. But that’s beginning to …

Ferrari NFTs: A new race just started

With every passing day, you hear of a new brand climbing onto the NFT bandwagon. To name a few; big names like Nike, Louis Vuitton, [...]

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