Tata Autocomp to Acquire IAC

Tata AutoComp Systems, a leading Indian automotive components manufacturer, has announced its acquisition of International Automotive Components Group Sweden AB (IAC Sweden), a well-established player in the automotive interior systems market with an annual turnover of approximately $800 million. This strategic move reinforces Tata AutoComp’s presence in Sweden and strengthens its relationships with key European original equipment manufacturers (OEMs) in both the passenger and commercial vehicle segments, thereby expanding its global footprint.

The acquisition positions Tata AutoComp as one of India’s largest automotive component manufacturers while enhancing its influence in Europe’s automotive sector. By integrating IAC Sweden, Tata AutoComp aims to leverage advanced manufacturing capabilities, cutting-edge technology, and established customer relationships in the premium automotive space, creating significant synergy opportunities.

Arvind Goel, Vice-Chairman of Tata AutoComp Systems, expressed enthusiasm about the acquisition, stating, “We are delighted to welcome IAC Sweden into the Tata AutoComp family. This acquisition aligns with our long-term vision of expanding in global markets and strengthening our relationships with European OEMs.” He emphasized IAC Sweden’s legacy of delivering high-quality interior solutions and the potential for driving innovation in the automotive industry.

Manoj Kolhatkar, MD and CEO of Tata AutoComp Systems, highlighted that this acquisition is a crucial step in enhancing the company’s global presence and technology portfolio, reinforcing its commitment to providing sustainable, high-quality, and customer-centric automotive solutions across various geographies.

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