Loading…
Tata AutoComp Systems Ltd acquired International Automotive Components Group Sweden AB (IAC Sweden), now renamed Artifex Systems AB. The Swedish supplier of vehicle interior and exterior systems operates three facilities and employs about 1,800 people, generating approximately USD 800 million in annual revenue.
Tata AutoComp Systems completed the acquisition of European automotive component manufacturer IAC Sweden and rebranded it as Artifex Systems AB. The acquisition strengthens Tata AutoComp's presence in Europe and partnerships with European OEMs.