Tata AutoComp completes acquisition of Swedish automotive firm
after close1 source ↓written by the desknot a recommendation
- valued at approximately
- $800 million
Tata AutoComp Systems Ltd. has successfully completed the acquisition of International Automotive Components Group Sweden AB, now rebranded as Artifex Systems AB. This deal, valued at approximately $800 million, enhances Tata AutoComp's European manufacturing capabilities, fostering closer ties with vehicle manufacturers in both passenger and commercial sectors. This strategic move is seen as a landmark achievement for the company.
Not investment advice. For informational purposes only.