EBCO is a British company providing smart connected mobility solutions through a pipeline of e-bikes across the city and mountain biking segments. The company has tie ups with most major dealers across the United Kingdom (UK).
EBCO is the exclusive distributor of Corratec e-bikes in the UK. IKO Sportartikel Handels GmbH (Corratec) is one of Germany's largest e-bike manufacturers with a manufacturing plant in Bavaria and another upcoming one in Romania.
TVS Motor Company considers EBCO Limited as a long-term partner to establish a strong presence in the e-bike business.
The acquisition is for a cash consideration of GBP 1,163,070.
