xchennai major tvs motor company announced acquisition stake swiss chemical group semg valuation company million tvs acquisition cost decent million deal done tvs motive singapore subsidiary tvs motor singapore pte ltd allot funded debt internal accruals goggle box acquire remaining stake next twelvemonth second european company tvs snapped four months ago bought stake another swiss company ego movement million acquisition component company electric mobility business tour million end srinivasan chairman tvs motor company said increase global focus environment personal rapidly accelerating demand new mobility solutions boob tube motor investing drive latest acquisition part company globalization plans concentrate developed markets like europe said sudarshan venu joint md tvs brands like norton motorcycles ego movement semg apart partnership bmw tvs planning focused play industrialised grocery store state europe centre market switzerland elevation game segment billion market globally tvs focusing global market beyond india business however semg brands launched india second half fiscal said venu tvs said invest grow semg business expand range new share swiss market semg strong presence germany austria apart switzerland brands like cilo simpel allegro zenith extensive network two online platforms physical put in sir ralf speth chairman designate tvs motor company said semg complements acquisition norton motorbike ego semg tvs majority shareholder offers untapped potential quality assurance procurement worldwide supply chain also lays foundation future expansion beyond national borders said rainer frhlich founder managing partner configuration capital