# Taurus Group acquires Nifco Products Spain for €11 million

Taurus Group has acquired the Spanish subsidiary of Nifco Products, a Japanese automotive components manufacturer, for approximately €11 million. The acquired entity will be renamed TAG Automotive, and Taurus plans to invest an additional €5 million.

- Type: Acquisition
- Announced: 2022-01-10
- Where: Terrassa, Spain
- Value: $12.4M (11.0M EUR)
- Status: completed
- Products: plastic components for automobiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Taurus Group](https://endata.com/companies/52729.md) (acquirer)
- [Nifco Products Spain](https://endata.com/companies/60220.md) (target)

## Sources

- [tagautomotive.com](https://tagautomotive.com/en/taurus-group-acquires-nifco-products-spain-to-create-tag-automotive/), 2022-01-10: "The deal, valued at approximately €11 million, signifies Taurus' entry into the automotive sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.