UNO Minda informs about completion of acquisition of IP rights
UNO Minda has informed that Uno Minda, through its wholly owned subsidiary namely UnoMinda EV Systems has completed the acquisition of e-drive business assets, Intellectual Property Rights, the know-how and R&D Team relating to the e-Drives Business technologies including the required control hardware and service software located at Germany, from Friwo Group Entities. Further the acquisition of e-Drives Business Assets at Vietnam from Friwo is currently under process and is expected to be completed on or before July 15, 2025.
The above information is a part of company’s filings submitted to BSE.
