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Finnish firm acquires TVS' manufacturing unit

CHENNAI : Incap Contract Manufacturing Services Pvt. Ltd., a subsidiary of Finland-based Incap Corporation, has acquired the contract manufacturing unit of TVS Electronics Ltd. in Tumkur, Karnataka. Juhani Hanninen, President and Chief Executive Officer, Incap Corporation, told reporters here on Thursday that the unit and related design services would be handed over to Incap Contract Manufacturing Services with effect from June 1.

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