Freienbach, 27th of January, 2022
Dear investors, business partners and friends of CONSTELLATION,
we are pleased to announce that as of today, Swiss E-Mobility Group AG (SEMG) has a new principal owner with global reach in TVS Motor (Singapore) Pte. Limited, a listed family-owned company. While 75% of the share capital of Swiss E-Mobility Group (Holding) AG has been sold by CONSTELLATION, the remaining shares will be sold in early 2023. On 27 January 2022, the corresponding contracts were signed at the law firm in Zurich, Switzerland.
CONSTELLATION as well as the other current managing partners have agreed to hold a minority stake of 25 % to ensure the smooth operation of SEMG in the future. We are convinced that we have found the ideal new owner and partner for the Swiss E-Mobility Group in TVS Motor Company.
TVS Motor Company is the third largest manufacturer of two- and three-wheelers and the second largest exporter of mopeds, scooters and motorbikes in India with customers in over 60 countries. In Switzerland, TVS Motor has already invested in e-bike dealer EGO Movement, signalling a long-term interest and confidence in this booming industry. For SEMG – and all its businesses and brands – having such a reliable partner at its side creates unique conditions for implementing the group’s long-term growth plans in the best possible way. TVS Motor Company will bring immense experience to the global supply chain in areas such as product quality, manufacturing processes and procurement, from which SEMG’s customers in particular will benefit.
Rainer Fröhlich, Founder and Managing Partner at CONSTELLATION CAPITAL, says of the divestment:
“With TVS Motor, we have found the ideal and extremely dynamic partner for SEMG to consolidate and expand the Group’s market leadership. The prospect of having an internationally active company like TVS Motor as a majority shareholder not only offers the opportunity to tap previously untapped potential in quality assurance and procurement, but also lays the foundation for the Group’s future expansion beyond national borders. “
We are proud of the positive development from SEMG. The interest of an international strategist such as TVS Motor is a recognition of the work we have done in recent years. With this strong partner at our side, new potential is opening up for SEMG to implement our future plans even better.