Tata AutoComp Systems acquires IAC Sweden to expand global operations

The acquisition is undergoing European regulatory approval, expected to be completed within two to three months

Tata AutoComp Systems, an automotive components’ manufacturer, said on Monday that it would acquire International Automotive Components Group Sweden AB (IAC Sweden) for an undisclosed sum.

 

The 2024 revenue of IAC Sweden, which manufactures interior systems and components for the automotive industry, was around $800 million (₹6,841.6 crore).

 

It had declared bankruptcy in June 2024 and has since been managed by a Swedish court-appointed administrator.

 

Although the deal size was not revealed, the company said that this acquisition is a part of Tata AutoComp’s strategy to expand global footprint and strengthen ties with European original equipment manufacturers (OEMs).

 

The acquisition