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MOTORINDIA
l
April 2012
TVS
acquires another UK firm,
Universal Components
The TVS Group has announced the acquisition of
Universal Components UK Ltd., Britain’s leading in-
dependent wholesale distributor of commercial vehicle
parts and accessories. This is the second acquisition by
the TVS Group in the UK after its successful buyout
of Multipart Holdings in 2009. With these two acquisi-
tions, the TVS Group turnover would cross INR 1,000
crores in the UK and would employ nearly 500 persons.
The TVS Group had already made acquisitions in
the UK through TVS Logistics Services Ltd. in 2009
to acquire the capability in the logistics business. Post
that acquisition, the distribution and services business
had been looking at possible acquisitions to increase its
relevance to its stake holders and also acquire new ca-
pabilities. In this regard, TVS Europe Distribution Ltd.,
a special purpose vehicle created in the UK, has pur-
chased 90 per cent of Universal Components UK Ltd.
component zone
Mr. R. Dinesh of TVS Group
Mr. David Kernahan,
Managing Director, Universal Components
The acquisition of Universal Components will
help TVS develop its presence in the commercial
and light commercial vehicles spare parts range
in other Asian markets, except India, as well as
help acquire best practices in dealing with its
customers (small retailers).