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Tata AutoComp, Through Its Subsidiary, to Acquire IAC Slovakia

Tata AutoComp, through its subsidiary Artifex, is set to strengthen its presence in the EU by acquiring IAC Slovakia, a key supplier to Jaguar Land Rover and Volkswagen.
Tata AutoComp Systems Limited, through its British subsidiary Artifex Interior Systems Limited (Artifex), has entered into a conditional agreement to acquire 100% of the share capital of IAC Group (Slovakia) s.r.o.
This strategic acquisition will strengthen Tata AutoComp’s capabilities and will lay the foundation for deeper expansion across the UK and EU markets. The move supports Tata AutoComp’s ambitious growth plans, positioning the company as a significant player in the European automotive industry, in line with its vision to become the partner of choice for global OEMs.
Completion of the acquisition is conditional, including being subject to applicable regulatory approvals.
Mr. Arvind Goel, Vice-Chairman of Tata AutoComp, commented: “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 strategic location will enhance our ability to deliver high-quality interior systems. This move supports our vision to be a trusted and value-driven partner in the global automotive supply chain.”
Mr. Manoj Kolhatkar, MD & CEO of Tata AutoComp, added: “We see strong synergy between IAC Slovakia’s capabilities and our existing European operations, which will enable faster integration and value delivery to OEM customers.”
Commenting on the acquisition, Alan Fennelly, Chief Executive Officer of Artifex, said: “We are excited to welcome IAC Slovakia into the Artifex family. This expansion is a pivotal step in our journey to become the valued partner of choice. It strengthens our expertise in automotive interior systems, expands our capabilities, and opens the door to new partnerships and broader markets. I’m excited about what we’ll achieve together.”
Source: worldautoforum.com