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Tata Technologies Limited ( (IN:TATATECH) ) has shared an announcement.
Tata Technologies has successfully completed the acquisition of ES-Tec GmbH and its subsidiaries, ahead of the planned timeline, for €75 million. This strategic move enhances Tata Technologies’ position in the automotive industry by integrating over 300 German engineers with expertise in ADAS and connected platforms, strengthening its capability to deliver complex engineering solutions. The acquisition provides Tata Technologies with direct access to European OEM programs, particularly with major players like BMW and Volkswagen, further solidifying its role in vehicle research and electrification programs.
More about Tata Technologies Limited
Tata Technologies Limited is a leading global company in the product engineering and digital services industry. It focuses on providing engineering, research, and development services to major automotive innovators, enhancing its market presence as an independent partner to automotive OEMs.
Average Trading Volume: 62,257
Technical Sentiment Signal: Sell
Current Market Cap: 276.9B INR
See more insights into TATATECH stock on TipRanks’ Stock Analysis page.