Tata AutoComp Systems has announced an agreement to acquire IAC Group, a European auto component company, in a move that will bolster its global presence. The acquisition comes at a time when the US has imposed tariffs on Indian auto components.
The acquisition, which will be completed via Tata’s British subsidiary Artifex Interior Systems Limited, is expected to enhance Tata AutoComp’s capabilities and expand its reach within the UK and EU markets. This deal highlights Tata’s growth plans and its ambition to become a key player in the European automotive industry, serving global OEMs.