VE Commercial Vehicles divests stake in Eicher Engineering Solutions
Saturday, March 18, 2017, 8:55 PM
VE Commercial Vehicles, the 50:50 joint venture between Eicher Motors and the Volvo Group, has divested the entire stake in its US-based subsidiary Segula Technologies for $1.85 million. The company has sold 100% shares in its wholly-owned subsidiary Eicher Engineering Solutions Inc to SegulaTecnologias Espana, VE Commercial Vehicles Ltd said in a statement. The total enterprise value of this deal is $1,852,000, it added.