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Thursday, April 11, 2019 2:24:15 PM
(NEW YORK)-- Token Communities (OTC: TKCM) announces merger with major automotive parts company ABT Auto Investments, which is a global auto parts supplier to likes of General Motors, Ford Motors, Volkswagen, Daimler, PSA, Volvo, and Toyota.
ABT Auto Investments Ltd. is a majority holding company of Sakthi Automotive Group, a leading global Tier One automotive supplier that designs, engineers and manufactures systems and technologies which are making the next generation of vehicles lighter, safer and more efficient.
Headquartered in London, Sakthi Automotive Group has over 5,000 employees operating at 6 manufacturing facilities in 5 countries including the USA, China, Germany, Portugal and India to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. www.sakthigroup.com
Revenues
Sakthi Automotive Group global revenue is projected at approximately $500 Million USD and average growth is over 20% YoY., based on current booked business Sakthi Automotive Group will achieve over $1 Billion USD revenue by 2023.
Customers
Sakthi Automotive Group is global leading manufacturer of Safety Chassis and Powertrain Components into Aluminium and Iron supplying to all major OEM’s including General Motors, Ford Motors, Volkswagen, Daimler, PSA, Volvo, Toyota, Renault-Nissan, BMW, Volvo and many others.. http://abtautoinvestments.com/company/customers/
NASDAQ Uplisting
Rarely does a deal come by that could clearly qualify for up listing to the NASDAQ, and TKCM may very well be that rare play. There may be few steps needed before we see that, but with the size and caliber of deal merging into TKCM this could very well be heading for national exchange.
http://wallstreetnewscast.com/tkcm-0410/
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