As part of its strategy to invest in niche and gennext technology companies, TVS Motor Company has picked up an undisclosed stake in Ohio (US)-based Predictronics Corporation, a specialist in providing end-to-end predictive maintenance analytics solution, for an investment of $3.2 million. TVS made investment in the US company through its Singapore subsidiary called TVS Motor (Singapore). This is the third such investment by the TVS arm in the past few months.
Predictronics is the third such company in the US, where TVS Motor’s Singapore subsidiary invests for a considerable stake.
Earlier in April, TVS’ Singapore arm picked up little over 14% stake in the US-based Altizon, an industrial IoT company, for an investment of $25,00,000. Again in July this year, TVS Singapore signed a definitive agreement to invest $7 million in big data analytics company Scienaptic Systems Inc, a Delaware corporation, headquartered in New York City.