In the recent acquisition, Mahindra and Mahindra Ltd subsidiary Classic legends Pvt. Ltd acquired BSA Co. Ltd, a British motorcycle company on Friday.
Classic Legends acquired all 120,000 shares of BSA at 28.33 pounds per share, which aggregated to 3400,000 pounds approximately.
BSA has its strong presence in Japan, Canada, Mexico, Malaysia and Singapore, having a turnover of 28,233 pounds in fiscal 2015-16.
By acquiring BSA, the Classic Legends will get a boost, which will enable them to obtain license of brand and utilize the same for selling, marketing, distributing motorcycles globally.
BSA is a major British group of businesses, which manufactured, bicycles, motorcycles, cars and even busses. BSA during its peak was the largest producer in the world who also owned Triumph.
BSA Company produced military motorcycles and motorcycles for developing countries with Yamaha engines under its brand name.
