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Tata AutoComp plans to acquire IAC Sweden to expand into the European premium automotive market.
Tata AutoComp Systems, a Tata Group subsidiary, plans to acquire International Automotive Components Group Sweden AB to expand its global reach and strengthen ties with European car manufacturers.
The deal, pending European approvals, aims to enhance Tata AutoComp's capabilities and market presence in the premium automotive sector.
IAC Sweden, known for interior automotive components, has a turnover of about $800 million.
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Tata AutoComp planea adquirir IAC Suecia para expandirse en el mercado europeo de automoción premium.