Norton Motorcycles being acquired by TVS Motor

[Bapun]

TVS Motor Company has just announced that it has acquired Norton Motorcycles in an all-cash deal for a consideration of GBP 16 million (Rs 153 crore). The Indian two-wheeler giant has done so by acquiring certain assets of Norton Motorcycles (U.K.) Limited (which is in administration) through one of TVS Motor’s overseas subsidiaries.

TVS acquires Norton Motorcycles for Rs 153 crore