Tata Technologies, the global product engineering and digital services company, has announced its plans to acquire a 100 per cent stake in Germany-based ES-Tec Group for EUR 75 million (over Rs 775 crore). The deal, structured as a complete buyout, will be executed over the next two years and includes performance-based earn-outs.

Headquartered in Wolfsburg, ES-Tec Group was founded in 2006 and has grown into a premier automotive engineering services provider. The company has built a reputation for deep expertise in Driver Assistance Systems (ADAS), Connected Driving, and Digital Engineering. It employs more than 300 highly skilled professionals who cater to leading global automotive OEMs.

Commenting on the acquisition, Tata Technologies MD & CEO Warren Harris described the move as a “strategic leap” that will significantly enhance the company’s ability to deliver end-to-end engineering solutions. He emphasised that ES-Tec’s technical expertise and strong client relationships complement Tata Tech’s ambition to be the preferred partner for automakers transitioning to intelligent and sustainable mobility.

ES-Tec’s Managing Director and CEO, Marc Wille, echoed the sentiment, noting that the partnership with Tata Technologies would allow the German firm to broaden its service offerings and expand internationally. “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,” Wille said.

The acquisition is expected to be earnings per share (EPS) accretive from the first full year of operations, making it a financially rewarding deal for Tata Technologies as it expands its European footprint and strengthens its automotive domain leadership.