Tata Technologies has announced that it will acquire 100 per cent stake in Germany-based ES-Tec Group and its subsidiaries in a €75 million (over Rs 775 crore) cash deal. The agreement, which includes performance-based earn-outs, will be completed over the next two years.
In a statement, Tata Technologies said the acquisition marks a significant step in expanding its global footprint and strengthening its product engineering capabilities across the automotive value chain.
“The acquisition of ES-Tec Group is a strategic leap that enhances our ability to deliver end-to-end product engineering solutions across the automotive value chain and represents our commitment to expand our global footprint in accessing innovative engineering capabilities,” said Warren Harris, Managing Director and Chief Executive Officer of Tata Technologies.
Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a leading automotive engineering services provider with strong expertise in Driver Assistance Systems (ADAS), Connected Driving, and Digital Engineering. The company employs over 300 skilled professionals and is known for delivering complex systems engineering solutions to major automotive clients.
“ES-Tec’s technical depth, customer centricity, and regional strength align perfectly with our strategic vision to be the first partner choice for global OEMs navigating the shift towards intelligent, connected, and sustainable mobility,” Harris added.
Marc Wille, Managing Director and Chief Executive Officer of ES-Tec Group, said, “Joining forces with Tata Technologies is a key step for the ES-Tec Group to extend the breadth and depth of capabilities and expand our international presence.”
According to Tata Technologies, the acquisition is expected to be EPS accretive from the first full year of operation.
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