TVS Group, a leading business conglomerates in India, has announced the acquisition of Universal Components UK Ltd. TVS Group has already established its Parts Distribution Business in Asia. With this acquisition, TVS would now look to leverage synergies between UK, Europe & Asia and grow its business.

There are significant synergy benefits for both TVS and Universal Components. Universal Components will benefit by widening its range of components and sourcing from low-cost-countries. Also, Universal Components and TVS’ relevance to both current and future suppliers will help further consolidate its relationship with them. Universal Components will further accelerate its growth not only in the trailer range but also in the commercial vehicles range. It is one of the growth drivers identified by Universal Components in UK and other parts of Europe.