VECV sells engineering arm.
VE Commercial Vehicles (VECV) has divested 100 per cent shares of Eicher Engineering Solutions Inc (wholly owned subsidiary of VECV) in the US to Segula Tecnologias Espana, SAU, a Spanish corporation. The total enterprise value of this deal is $1,852,000. VECV is a joint venture between Eicher Motors and the Volvo Group.
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