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MOTORINDIA
l
April 2012
51
The acquisition will further im-
prove TVS’ forecast and planning
capabilities and deploy state-of-the-
art IT systems in India and other
countries like Sri Lanka and Bangla-
desh where the distribution of spare
parts is currently undertaken.
Universal Components, head-
quartered in Sheffield, has 420 cus-
tomers in the UK who are serviced
through 650 distribution outlets. It
sells parts worth approximately INR
200 crores and employs around 100
people selling both manufacturer-
branded parts and its own range of
UC branded parts. It currently has in
excess of 12,000 part numbers and
plans to double this number in the
next three to five years.
Announcing the British firm ac-
quisition at a press conference in
Chennai, Mr. R. Dinesh of the TVS
Group, said: “This acquisition will
give increased scale and size to
strengthen our relationship further
with global suppliers, which will
benefit both Universal Components
and TVS. We will utilize Universal
Components’ marketing expertise
and best practices in our businesses
in India and other Asian markets.
It would also help us to have wider
coverage of parts to distribute in the
aftermarket.”
Said Mr. Richard Slee, TVS Eu-
rope CEO: “With Multipart (now
renamed as TVS Supply Chain So-
lutions), we will be able to provide
significant benefits to Universal
Components on the supply chain
and backend logistics. It will also
help the company to become the
market leader and grow its already
close relationship with its custom-
ers.”
David Kernahan, Managing Di-
rector of Universal Components,
observed: “We are delighted to be
under TVS ownership. Together
we can continue our growth pattern
and become a larger player in the
international and domestic CV sec-
tor. We look forward to TVS help-
ing Universal Components further
increase its range of supplier rela-
tionships and also bring in low-cost
country sourcing.”
With this deal, Universal can lev-
erage the sourcing strength of TVS
for accelerated growth; while TVS
compliments the sourcing efforts of
Universal Components not only in
the trailer range but also in the com-
mercial vehicle range, which is one
of the growth drivers identified by
Universal Components in the UK
and other parts of Europe.
w
component zone
Mr. R. Dinesh being complimented by Mr. James Bevan for his company’s new acquisition. Others
from left are Mr. S. Ravichandran, Executive Director, TVS Logistics Services Ltd., Mr. David Ker-
nahan, Mr. Mike Nithavrianakis, British Deputy High Commissioner, Chennai and Mr. Richard Slee,
TVS Europe CEO
“Together we can continue
our growth pattern and
become a larger player in
the international and do-
mestic CV sector.”
– Mr. David Kernahan