#acquisition
Norton Motorcycles Acquired by TVS
The beleaguered Norton Motorcycles has been bought out by India’s TVS Motor Company. Norton, which was put into administration in January, was purchased by TVS through a subsidiary in an all-cash deal worth 16 million British pounds (US$20 million).
Dennis Chung
Apr 20, 2020
16
BSA Purchased By Mahindra
One of the most storied names in motorcycling, BSA, has been purchased by Mahindra and Mahindra Ltd., the Indian automotive conglomerate that’s one of the biggest of its kind in the world. Mahindra purchased all 120,000 shares of the company at $34.63 per share, equalling roughly $4.2 million USD. Mahindra subsidiary Classic Legends (CLPL) acquired the brand, giving Mahindra full licensing rights and the rights to sell, market, and distribute BSA motorcycles on a global scale.
Troy Siahaan
Oct 24, 2016
4