Hero Group electronic venture acquires Indian business of German company

Q.  Which Indian company has acquired the Indian business of Germany based TES DST Holding Europe?
- Published on 28 Jul 16

a. Reliance
b. Birla
c. Tata
d. Hero

ANSWER: Hero
 
Hero Group’s electronics venture Hero Electronix has acquired the Indian business of German firm TES DST Holding Europe Limited. With this, Hero Electronix will now be able to provide technological products for domains such as home automation, avionics and transportation.
  • The business has been acquired through Tessolve Semiconductor, in which Hero Electronix acquired a strategic stake in April.
  • It is said Hero subsidiary and its parent company plan to invest INR 1000-1200 crore over next 7 years for expansion.

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