Companies / Czech Republic
Indian Manufacturer Acquires Czech Truck Maker
July 2006 | Company Finance AlertIndia's leading truck and bus manufacturer Ashok Leyland has bought up troubled Czech truck maker Avia for an undisclosed amount.Ashok Leyland, a subsidiary of the Hinduja Group industrial empire, views the acquisition as an in-road into the EU market, utilising Avia's sales network and manufacturing facilities. Avia was owned by Czech venture capitalists, the Odien Group, which had initiated a restructuring programme in an effort to attract a long-term strategic
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