(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
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.
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/
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.
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Ludlow Research, a small cap equity research firm based in New York City, announced it had initiated research coverage on TKCM based on their merger with ABT Auto Investments Ltd, which is part of Sakthi Global Holdings, a major automotive player on the global market.
To receive an updated copy of Ludlow Research’s report on TKCM register online at https://ludlowresearch.com/investors
TKCM now joins the automotive parts sector with the likes of:
- AutoZone (AZO)
- O’Reilly Automotive (ORLY)
- Advance Auto Parts (AAP)
- Genuine Parts Company (GPC)
…just to name a few
About Token Communities:
Token Communities Limited is a publicly traded Delaware Corporation, trading symbol "TKCM". The Company's new Management sees obvious and beneficial synergies between its core automotive parts manufacturing business and the company's current expertise in block chain and fintech technologies, and is now in the process of consolidating the best aspects of both within the Company. Per the Acquisition and Share Exchange Agreement of April 2nd, 2019, ABT Auto Investments Ltd. is now the wholly owned subsidiary of the Company. www.ABTAutoinvestments.com