In a significant development, Tata AutoComp Systems has acquired IAC Group, a European auto component company. The acquisition comes as the US imposed tariffs on Indian auto components. This move will strengthen the company’s position in the European market.
The acquisition is being undertaken through Tata’s British subsidiary, Artifex Interior Systems Limited. Tata AutoComp views this acquisition as a crucial step in its global growth, solidifying its presence in Europe. The acquisition is aligned with the company’s vision of becoming a preferred partner for global OEMs.