Tata AutoComp to acquire IAC Sweden

Leading Indian automotive components manufacturer Tata AutoComp Systems has announced the acquisition of International Automotive Components Group Sweden AB (IAC Sweden). The Swedish company, which has a turnover of approximately $800 million, is a well-established manufacturer of interior systems and components to the automotive industry.

This strategic acquisition reinforces Tata AutoComp’s presence in Sweden and enhances the company’s relationships with key European OEMs in both the passenger vehicle and commercial vehicle segments, further expanding its global footprint.

With this acquisition, Tata AutoComp consolidates its position as one of India’s largest automotive component manufacturers and strengthens its presence in Europe’s automotive sector. The acquisition of IAC Sweden will present strong synergy opportunities, allowing Tata AutoComp to leverage advanced manufacturing capabilities, cutting-edge technology, and well-established customer relationships in the premium automotive space.

Commenting on the proposed acquisition and how it aligns with their business, Arvind Goel, Vice- Chairman of Tata AutoComp Systems said, “We are delighted to welcome IAC Sweden into the Tata AutoComp family. This acquisition aligns with our long-term vision of expanding in global markets and strengthening our relationships with European OEMs. IAC Sweden has a strong legacy of delivering high-quality interior solutions, and we look forward to working together to drive innovation and excellence in the automotive industry. This move reinforces our commitment to driving sustainable, high-quality, and customer-centric automotive solutions across geographies.”

Manoj Kolhatkar, MD and CEO, Tata AutoComp Systems, added: “This acquisition is a pivotal step in Tata AutoComp’s journey to enhance our global presence and technology portfolio.”

IAC Sweden declared bankruptcy in June 2024, after which a court-appointed administrator took over its operations. It currently operates three advanced production facilities located in Låssby, Färgelanda, and Skara, employing around 1,500 skilled professionals.

Tata AutoComp Systems Ltd. is a leading Indian provider of automotive components and solutions, catering to global Original Equipment Manufacturers (OEMs) across various segments, including passenger vehicles, commercial vehicles, electric mobility, two- and three-wheelers, tractors, off-road vehicles, industrial applications, and the aftermarket.

Tata AutoComp is a significant player in India’s electric vehicle (EV) transition journey, actively developing components for next-generation electric cars. The company has a workforce of over 20,000 employees, operating across 61 manufacturing facilities worldwide, including 18 business units and nine joint ventures with global auto-component leaders.

Its international presence spans India, North America, Latin America, Europe, and China, with a robust portfolio that includes design, development, and supply of advanced, sustainable, and customer-centric automotive solutions.
This acquisition marks a significant step in Tata AutoComp’s ongoing global expansion, strengthening its technological capabilities and market presence in Europe’s premium automotive sector.

IAC Sweden declared bankruptcy in June 2024, after which a court-appointed administrator took over its operations. It currently operates three advanced production facilities located in Låssby, Färgelanda, and Skara, employing around 1,500 skilled professionals.

Tata AutoComp Systems Ltd. is a leading Indian provider of automotive components and solutions, catering to global Original Equipment Manufacturers (OEMs) across various segments, including passenger vehicles, commercial vehicles, electric mobility, two- and three-wheelers, tractors, off-road vehicles, industrial applications, and the aftermarket.

Tata AutoComp is a significant player in India’s electric vehicle (EV) transition journey, actively developing components for next-generation electric cars. The company has a workforce of over 20,000 employees, operating across 61 manufacturing facilities worldwide, including 18 business units and nine joint ventures with global auto-component leaders.

Its international presence spans India, North America, Latin America, Europe, and China, with a robust portfolio that includes design, development, and supply of advanced, sustainable, and customer-centric automotive solutions.
This acquisition marks a significant step in Tata AutoComp’s ongoing global expansion, strengthening its technological capabilities and market presence in Europe’s premium automotive sector.

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