if you want to remove an article from website contact us from top.

    which company is set to acquire 80% controlling stake in mahindra two wheeler europe holding-owned peugeot motorcycles?

    Mohammed

    Guys, does anyone know the answer?

    get which company is set to acquire 80% controlling stake in mahindra two wheeler europe holding-owned peugeot motorcycles? from screen.

    Mutares to acquire controlling stake in Mahindra

    M&M remains co-shareholder to support new product introductions and the growth expected in the coming years

    Mutares to acquire controlling stake in Mahindra-owned Peugeot Motorcycles

    M&M remains co-shareholder to support new product introductions and the growth expected in the coming years

    November 10, 2022 11:59 pm | Updated 11:59 pm IST

    The Hindu Bureau COMMents SHARE READ LATER

    Mahindra & Mahindra Ltd. (M&M) and Mutares SE & Co. KGaA from Munich have announced that Mutares has submitted an irrevocable binding offer to acquire 50% of equity and a controlling stake of 80% in Peugeot Motocycles (PMTC).

    M&M remains co-shareholder to support new product introductions and the growth expected in the coming years.

    The closing of the transaction is expected in the first quarter of 2023 after consultation of the works councils and is subject to approval of the antitrust authorities, M&M said in a statement.

    Peugeot Motocycles is headquartered in Mandeure, France generating revenues of approximately €140 million.

    It manufactures two and three-wheeler scooters which are distributed across 3,000 points of sale through subsidiaries, importers, and dealers in France and internationally, across three continents.

    The company has its own manufacturing facility in Mandeure, a joint venture with JNQQ (Jinan Qingqi Motorcycle Co., Ltd.) in China, as well as manufacturing partnerships with several large Asian players including THACO in Vietnam.

    Speaking about the announcement, Rajesh Jejurikar, Executive Director, Auto & Farm Sectors, M&M,said, “ Our efforts are directed towards sustaining this French legacy brand that has been delighting customers for 124 years.”

    “With an established track-record of transforming companies across Europe, coupled with their expertise in the automotive business, Mutares is an ideal partner to strengthen and grow the brand with continuing support from M&M,” he said.

    Johannes Laumann, CIO, Mutares, said “This is Mutares’ thirteenth acquisition in 2022. Peugeot Motocycles is an internationally recognized brand built on a rich history as the world’s oldest manufacturer of motorized two-wheelers.”

    “We are very proud to be associated with the brand and I strongly believe that we will be able to leverage the true potential of the company based on our vast experience in the industry and strong operational team and together with our partner M&M. Furthermore, Peugeot Motocycles acts as an OEM and we see a huge potential of strong synergies arising within our Automotive & Mobility segment,” he added.

    COMMents SHARE

    स्रोत : www.thehindu.com

    Mutares acquires controlling stake in Mahindra

    Peugeot Motocycles manufactures two and three-wheeler scooters which are distributed across 3,000 points of sale through subsidiaries, importers, and dealers in France and internationally, across three continents.

    News Auto Mutares acquires controlling stake in Mahindra-owned Peugeot Motocycles

    Mutares acquires controlling stake in Mahindra-owned Peugeot Motocycles

    Mutares acquires controlling stake in Mahindra-owned Peugeot Motocycles Peugeot Motocycles manufactures two and three-wheeler scooters which are distributed across 3,000 points of sale through subsidiaries, importers, and dealers in France and internationally, across three continents.

    Mutares acquires controlling stake in Mahindra-owned Peugeot Motocycles

    Tarab Zaidi Nov 10, 2022,

    Updated Nov 10, 2022, 11:13 PM IST

    Industrialist Anand Mahindra's Mahindra & Mahindra Ltd (M&M) on Thursday announced that Mutares has submitted an irrevocable binding offer to acquire 50 per cent of the equity and a controlling stake of 80 per cent in Peugeot Motorcycles. M&M remains a co-shareholder to support new product launches and the strong growth expected in the coming years. The closing of the transaction is expected in the first quarter of 2023 after consultation with the works councils and is subject to the approval of the antitrust authorities.

    German-based Mutares is a listed private equity holding company. It acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process.

    ADVERTISING

    In October 2019, Mahindra acquired France's Peugeot Motocycles.

    Peugeot Motocycles manufactures two and three-wheeler scooters which are distributed across 3,000 points of sale through subsidiaries, importers, and dealers in France and internationally, across three continents. The company has its own manufacturing facility in Mandeure, a joint venture with JNQQ (Jinan Qingqi Motorcycle Co., Ltd.) in China, as well as manufacturing partnerships with several large Asian players including THACO in Vietnam.

    Rajesh Jejurikar, Executive Director, Auto & Farm Sectors, M&M, said that Mahindra is delighted to welcome Mutares to Peugeot Motocycles. He added that the company's efforts are directed towards sustaining the French legacy brand that has been delighting customers for 124 years. "With an established track record of transforming companies across Europe, coupled with their expertise in the automotive business, Mutares is an ideal partner to strengthen and grow the brand with continuing support from M&M," he said.

    Johannes Laumann, CIO of Mutares, stated that this is Mutares’ thirteenth acquisition in 2022. "We are very proud to be associated with the brand and I strongly believe that we will be able to leverage the true potential of the company based on our vast experience in the industry and strong operational team and together with our partner M&M. Furthermore, Peugeot Motocycles acts as an OEM and we see a huge potential of strong synergies arising within our Automotive & Mobility segment," he said.

    TAGS: PEUGEOT MOTOCYCLES MAHINDRA ANAND MAHINDRA MUTARES FRANCE POST A COMMENT

    --be the first to Comment--

    The Amazon hack that will transform your shopping

    Capital One Shopping

    | Sponsored

    Did You Know That Your Pillow Might Be Damaging Your Spine?

    Derila | Sponsored

    Abd İçin Son Günler Green Card Çekilişi Kayit!

    Global USA | Sponsored

    Susan Boyle is now so thin and looks beautiful!

    Cars&Yachts | Sponsored

    NRI in Turkey? Invest ₹18K/Month & Get ₹1Cr for your kids College in 15 years.

    NRI Investment Plan!

    | Sponsored

    स्रोत : www.businesstoday.in

    German PE firm acquires 80% stake in Mahindra

    The Munich-based private equity holding company has a portfolio of 32 companies and has a presence across Europe

    German PE firm acquires 80% stake in Mahindra-owned Peugeot Motorcycles

    German PE firm acquires 80% stake in Mahindra-owned Peugeot Motorcycles The Munich-based private equity holding company has a portfolio of 32 companies and has a presence across Europe

    Topics

    Mahindra Group | France | stock exchange

    Shally Seth Mohile  |  Mumbai

    Last Updated at November 11, 2022 18:01 IST

    Follow us on

    AddThis Sharing Buttons

    Share to Facebook Share to Twitter Share to LinkedIn Share to Telegram Share to More

    Illustration: Ajay Mohanty

    ALSO READ

    Will four-wheeler stocks hit the fast lane in H2 of this fiscal?

    Two-wheeler stocks ready to roll on pick-up in mobility

    M&M won't pump more funds into Pininfarina, seeks external investors

    TMS Ep244: Farmers' agitation, Indian defence, 4-wheeler stocks, e-way bill

    E-scooters to hit 5% of two-wheeler mkt in FY23: Greaves Electric Mobility

    Mutares SE & Co, a German private equity firm, will acquire 80 per cent controlling stake in Mahindra Two Wheeler Europe Holding-owned Peugeot Motorcycles (PMTC), Mahindra said in a filing to the stock exchanges on Thursday.

    "Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in Peugeot Motocycles (PMTC)," it said. M&M remains co-shareholder to support new product launches and the strong growth expected in the coming years, it said.

    The Munich-based private equity holding company has a portfolio of 32 companies and has a presence across Europe. It specialises in acquiring medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and then sell them again after taking it through a repositioning and stabilization process.

    MTWE bought 51 per cent in PMTC from Groupe PSA in 2015. In October 2019, it acquired 100 per cent stake in the French firm.

    Subsequently, with PMTC facing multiple headwinds due to outbreak of Covid-19, it kept PMTC “under review” as part of the Mahindra Group’s larger strategy to either turnaround the underperforming companies or exit from them.

    Two years ago, M&M announced that it would only stay invested in those companies that meet the criterion of a 18 per cent return on equity, clear profitability and strategic importance. Since then it has exited many of the companies includes Mahindra Automotive North America and Ssangyong Automotive

    Post the latest transaction, MTWE’s stake will drop to 50 per cent and voting rights will reduce to 20 pc While Purple, the PE firm’s subsidiary, will hold 80 pc voting rights. The closing of the transaction is expected in the first quarter of 2023 after consultation of the works councils and is subject to approval of the antitrust authorities.

    Peugeot Motocycles is headquartered in Mandeure, France and generates revenues of approximately EUR 140 million. It manufactures two and three-wheeler scooters which are distributed across 3,000 points of sale through subsidiaries, importers, and dealers in France and internationally, across three continents.

    The company has its own manufacturing facility in Mandeure, a joint venture with JNQQ (Jinan Qingqi Motorcycle Co., Ltd.) in China, as well as manufacturing partnerships with several large Asian players including THACO in Vietnam.

    "With an established track-record of transforming companies across Europe, coupled with their expertise in the automotive business, Mutares is an ideal partner to strengthen and grow the brand with continuing support from M&M," said Rajesh Jejurikar, Executive Director, Auto & Farm Sectors, M&M in the statement.

    “This will be Mutares’ thirteenth acquisition in 2022,'' stated Laumann, Chief Investment Officer of Mutares. "We are very proud to be associated with the brand and I strongly believe that we will be able to leverage the true potential of the company based on our vast experience in the industry and strong operational team and together with our partner M&M. Furthermore, Peugeot Motocycles acts as an OEM and we see a huge potential of strong synergies arising within our Automotive & Mobility segment,” he said.

    Subscribe to Business Standard Premium

    Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

    Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

    Download the Business Standard App for latest Business News and Market News .

    Read our full coverage on Mahindra Group

    READ MORE ON MOTORCYCLES MAHINDRA GROUP FRANCE STOCK EXCHANGE MOTORCYCLE MAKERS LOTTE AND PEUGEOT

    GERMAN INDUSTRIAL GIANT

    GERMAN ECONOMY PRIVATE COMPANIES COMPANIES NEWS ` PREVIOUS STORY NEXT STORY

    Hackers exploited discontinued web server at Tata Power: Microsoft

    Piramal, Zurich Insurance may bid separately for Reliance General Insurance

    Volvo Car India to hike prices up to 1.8% to offset rising input costs

    Amazon to shut down its edtech platform in India, refund customers

    NRIs from UK, US investing in large housing units in India: Realtors

    JioCinema preps for its Disney-Hotstar moment with football World Cup

    स्रोत : www.business-standard.com

    Do you want to see answer or more ?
    Mohammed 3 day ago
    4

    Guys, does anyone know the answer?

    Click For Answer