Indian conglomerate TVS has acquired Universal Components, a UK wholesale distributor of commercial vehicles parts and accessories.
The acquisition is expected to bring TVS’s European turnover to around £120 million. In 2009 it acquired Multipart Solutions.
Richard Slee, TVS Europe chief executive, said: “We are committed to increase our share of parts business for Britain’s intensively used fleet of commercial vehicles and buses and Universal Components fast tracks us up the league table of suppliers. I’m confident that we can make an even bigger impact moving forward”.
