Tata AutoComp Systems Ltd., a leading Indian automotive components manufacturer, has announced the acquisition of International Automotive Components Group Sweden AB (IAC Sweden), a well-established supplier of interior systems and components to the automotive industry with an approximate turnover of $800 million.
This strategic acquisition enhances Tata AutoComp’s footprint in Sweden and strengthens its partnerships with key European OEMs across both passenger and commercial vehicle segments. It further consolidates Tata AutoComp’s position as one of India’s largest automotive component manufacturers while expanding its presence in Europe’s automotive sector.
The acquisition offers strong synergy opportunities, enabling Tata AutoComp to leverage advanced manufacturing capabilities, cutting-edge technology, and established relationships in the premium automotive market. The transaction is subject to European regulatory approvals.
Commenting on the proposed acquisition and how it aligns with their business, Mr. Arvind Goel, Vice Chairman of Tata AutoComp Systems said, “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. IAC Sweden has a strong legacy of delivering high-quality interior solutions, and we look forward to working together to drive innovation and excellence in the automotive industry. This move reinforces our commitment to driving sustainable, high-quality, and customer-centric automotive solutions across geographies.”
Mr. Manoj Kolhatkar, MD & CEO of Tata AutoComp Systems, emphasized the significance of the acquisition, stating, “This marks a pivotal step in Tata AutoComp’s journey to expand our global presence and strengthen our technology portfolio.”
