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Tata AutoComp to acquire IAC Sweden, strengthening European presence

Business Standard LogoBusiness Standard1w ago

Tata AutoComp to acquire IAC Sweden, strengthening European presence - Business Standard

Quick Summary:

This proposed acquisition reinforces Tata AutoComp's presence in Sweden and enhances the company's relationships with key European Original Equipment Manufacturers (OEMs) in both the passenger vehicle and commercial vehicle segments, further expanding its global footprint, the company said in a statement.

Tata AutoComp Systems Ltd on Monday said it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europe's automotive sector.

IAC Sweden has a turnover of approximately USD 800 million and is a well established manufacturer of interior systems and components to the automotive industry, it added.


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Category: BusinessFinance

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 12:20:12 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27270771

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Official Website: business-standard.com

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News Last Updated: 3 hours ago

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