Tata AutoComp Systems Ltd has announced its acquisition of International Automotive Components Group Sweden AB (IAC Sweden). With an annual turnover of approximately $800 million, IAC Sweden specialises in interior systems for the automotive industry.  

This move will help Tata AutoComp strengthen its presence in Europe and expand partnerships with leading passenger and commercial vehicle manufacturers.

Advancing technology and OEM partnerships

By acquiring IAC Sweden, Tata AutoComp aims to leverage advanced manufacturing capabilities and premium automotive technology. This deal will enhance the company’s global footprint and create synergy opportunities, allowing it to build on IAC Sweden’s well-established relationships with European automakers. 

The acquisition further strengthens Tata AutoComp’s position as one of India’s largest automotive component manufacturers.

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Leadership’s vision for growth

Commenting on the acquisition, Arvind Goel, Vice Chairman of Tata AutoComp, emphasised that the move aligns with the company’s long-term vision of global expansion and innovation in high-quality automotive solutions. 

Adding to this, Manoj Kolhatkar, MD & CEO, of Tata AutoComp Systems said: “This acquisition is a key step in Tata AutoComp’s journey to enhance our global presence and technology portfolio.