Tata AutoComp to Acquire IAC Sweden, Expanding Global Reach
26 Mar 2025
2 Min Read
CW Team
Tata AutoComp Systems has announced its acquisition of International Automotive Components Group Sweden AB (IAC Sweden), a key manufacturer of vehicle interior systems and components. The acquisition strengthens Tata AutoComp鈥檚 presence in Europe and deepens its collaboration with leading European original equipment manufacturers (OEMs).
The key entities involved are:
Tata AutoComp Systems 鈥� Indian automotive components manufacturer
IAC Sweden 鈥� Supplier of vehicle interiors to major Swedish automakers
IAC Sweden, with an annual turnover of approximately $800 million, had filed for bankruptcy in June 2024 and was under a court-appointed administrator. The deal is subject to European regulatory approvals.
Strategic Significance
Strengthens Tata AutoComp鈥檚 European footprint
Enhances partnerships with Volvo Trucks, Volvo Cars, and Scania
Expands capabilities in plastic moulding, high-precision painting, and interior assembly
Arvind Goel, Vice-Chairman, Tata AutoComp, stated, 鈥淭his acquisition aligns with our long-term vision to expand globally and fortify relationships with European OEMs.鈥� Manoj Kolhatkar, MD & CEO, Tata AutoComp, described the move as a 鈥減ivotal step鈥� in enhancing the company鈥檚 global presence and technology portfolio.
IAC Sweden operates three factories in Gothenburg, Skara, and F盲rgelanda, employing 1,500 specialists in interior component manufacturing. With this acquisition, Tata AutoComp is set to reinforce its market position in Europe鈥檚 automotive supply chain, further cementing its role as a global industry leader.
Tata AutoComp Systems has announced its acquisition of International Automotive Components Group Sweden AB (IAC Sweden), a key manufacturer of vehicle interior systems and components. The acquisition strengthens Tata AutoComp鈥檚 presence in Europe and deepens its collaboration with leading European original equipment manufacturers (OEMs).
The key entities involved are:
Tata AutoComp Systems 鈥� Indian automotive components manufacturer
IAC Sweden 鈥� Supplier of vehicle interiors to major Swedish automakers
IAC Sweden, with an annual turnover of approximately $800 million, had filed for bankruptcy in June 2024 and was under a court-appointed administrator. The deal is subject to European regulatory approvals.
Strategic Significance
Strengthens Tata AutoComp鈥檚 European footprint
Enhances partnerships with Volvo Trucks, Volvo Cars, and Scania
Expands capabilities in plastic moulding, high-precision painting, and interior assembly
Arvind Goel, Vice-Chairman, Tata AutoComp, stated, 鈥淭his acquisition aligns with our long-term vision to expand globally and fortify relationships with European OEMs.鈥� Manoj Kolhatkar, MD & CEO, Tata AutoComp, described the move as a 鈥減ivotal step鈥� in enhancing the company鈥檚 global presence and technology portfolio.
IAC Sweden operates three factories in Gothenburg, Skara, and F盲rgelanda, employing 1,500 specialists in interior component manufacturing. With this acquisition, Tata AutoComp is set to reinforce its market position in Europe鈥檚 automotive supply chain, further cementing its role as a global industry leader.
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