India, Aug. 7 -- Tier 1 automotive supplier Tata AutoComp Systems, through its British subsidiary Artifex Interior Systems (Artifex), has signed a conditional agreement to acquire 100 percent stake in IAC Group (Slovakia).The move is part of Tata AutoComp's strategy to further strengthen its capabilities and expand its presence in the UK and EU markets.
Arvind Goel, Vice-Chairman, Tata AutoComp, said, "The acquisition of IAC Slovakia will mark a significant milestone in Tata AutoComp's global growth journey. Following our earlier acquisition of Artifex, this step strengthens our European presence and reflects our commitment to serving global OEMs more effectively. IAC Slovakia's strong operational excellence, skilled workforce, and strat...
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