Business Standard

Thursday, December 19, 2024 | 06:36 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tata Technologies buys Swedish engineering & design specialist Escenda

Deal to help Tata Technologies to tap the European automotive and industrial machinery sectors

Escenda's racing App
Premium

Escenda's racing App

BS B2B Bureau Pune
Tata Technologies has entered into a definitive agreement to acquire Escenda Engineering AB, the Gothenburg (Sweden) based automotive engineering & design specialist.

The acquisition helps Tata Technologies accelerate its plans to expand in Europe due to the rapid growth opportunity the region offers in both the automotive and industrial machinery sectors. Europe’s automotive industry is the world’s leading producer of motor vehicles by volume and is also the largest private investor in R&D in Europe.

Following the acquisition, Escenda Engineering will become a wholly owned subsidiary of Tata Technologies Europe Limited. The company will maintain the same management team and full workforce

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in