UK: Smith EV to acquire UK division from Tanfield

Smith Electric Vehicles US Corporation has signed an agreement to acquire the Smith Electric Vehicles business based in the UK, from its owner Tanfield Group, for US$15m. The transaction and the transfer of ownership of the UK division will be effective on 1 January 2011. Following the transaction, Tanfield will retain Subscribe to Automotive World … Continued

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• December 24, 2010