Varroc Group acquires majority stake in Italy's TriOM SPA news
02 January 2012
Aurangabad-based auto component maker Varroc Group has acquired a majority 80 per cent stake in Europe's largest two-wheeler headlights and tail lights maker TriOM SPA, for an undisclosed sum.
Founded in 1969, Cambiano, Italy-based TriOM is a supplier of headlights, front and rear flashers, taillights, reflex reflectors and other accessories for two wheelers to leading global motorcycle manufacturers.
Its clients include Yamaha, Honda, Ducati and Piaggio and holds nearly 55 per cent of the market share in Europe. TriOM has two manufacturing plants, one in Turin in Italy and the other in Romania. The company is in the process of setting up a plant in Vietnam in order to grab a market share in the ASEAN region.....more