Tata AutoComp Acquires IAC Sweden to Boost Global Expansion

04 Dec 2025 CW Team

Tata AutoComp Systems supplies a wide portfolio of automotive components and technologies across global markets, serving major OEMs across multiple vehicle segments. With 21 business units and 66 facilities worldwide, the company offers advanced solutions in interiors, exteriors, HVAC, seating, composites and EV systems, including battery and drivetrain technologies.

IAC Sweden, now rebranded as Artifex Systems AB under Tata AutoComp, brings an annual turnover of roughly USD 800 million. For Tata AutoComp, one of India’s largest and most diversified auto component manufacturers, this acquisition reinforces its ambition to scale its international operations and secure a stronger foothold in Europe’s passenger and commercial vehicle sectors.

The integration adds substantial complementary strengths to Tata AutoComp’s portfolio. IAC Sweden’s advanced manufacturing systems, precision painting capabilities and assembly expertise—particularly in premium automotive interiors and exteriors—will be combined with Tata AutoComp’s established design, engineering and system-level competencies. Together, these will enhance the company’s ability to deliver end-to-end, high-value solutions to global customers.

The acquisition also strengthens Tata AutoComp’s broader Artifex brand strategy. Artifex Systems AB will be aligned with the company’s other European entities, including Artifex Slovakia and Artifex Interior Systems, with plans to unify all operations under a single brand identity. This consolidation aims to provide customers with seamless access to integrated capabilities across multiple regions.

Arvind Goel, Vice Chairman of Tata AutoComp Systems Ltd., called the transaction a milestone in the company’s globalisation journey. “We are delighted to welcome IAC Sweden, now Artifex Systems AB, into the Tata AutoComp family. This transaction aligns with our long-term vision of strengthening our global presence and deepening our relationships with European OEMs. They have a rich legacy of delivering high-quality interior and exterior solutions, and together, we aim to build on that foundation. We have a clear plan to strengthen the Artifex brand by bringing together Artifex Systems AB, Artifex Slovakia and Artifex Interior Systems under one unified identity,” he said.

With this acquisition, Tata AutoComp further positions itself to enhance its competitiveness in Europe’s premium automotive ecosystem, advancing its ambition to become a global partner of choice for leading vehicle manufacturers.

Tata AutoComp Systems has completed the acquisition of the assets of International Automotive Components Group Sweden AB (IAC Sweden), a major European supplier of high-quality interior and exterior automotive systems. The move represents a significant step in the company’s long-term strategy to expand its presence in global automotive hubs and deepen collaboration with leading European OEMs. Tata AutoComp Systems supplies a wide portfolio of automotive components and technologies across global markets, serving major OEMs across multiple vehicle segments. With 21 business units and 66 facilities worldwide, the company offers advanced solutions in interiors, exteriors, HVAC, seating, composites and EV systems, including battery and drivetrain technologies. IAC Sweden, now rebranded as Artifex Systems AB under Tata AutoComp, brings an annual turnover of roughly USD 800 million. For Tata AutoComp, one of India’s largest and most diversified auto component manufacturers, this acquisition reinforces its ambition to scale its international operations and secure a stronger foothold in Europe’s passenger and commercial vehicle sectors. The integration adds substantial complementary strengths to Tata AutoComp’s portfolio. IAC Sweden’s advanced manufacturing systems, precision painting capabilities and assembly expertise—particularly in premium automotive interiors and exteriors—will be combined with Tata AutoComp’s established design, engineering and system-level competencies. Together, these will enhance the company’s ability to deliver end-to-end, high-value solutions to global customers. The acquisition also strengthens Tata AutoComp’s broader Artifex brand strategy. Artifex Systems AB will be aligned with the company’s other European entities, including Artifex Slovakia and Artifex Interior Systems, with plans to unify all operations under a single brand identity. This consolidation aims to provide customers with seamless access to integrated capabilities across multiple regions. Arvind Goel, Vice Chairman of Tata AutoComp Systems Ltd., called the transaction a milestone in the company’s globalisation journey. “We are delighted to welcome IAC Sweden, now Artifex Systems AB, into the Tata AutoComp family. This transaction aligns with our long-term vision of strengthening our global presence and deepening our relationships with European OEMs. They have a rich legacy of delivering high-quality interior and exterior solutions, and together, we aim to build on that foundation. We have a clear plan to strengthen the Artifex brand by bringing together Artifex Systems AB, Artifex Slovakia and Artifex Interior Systems under one unified identity,” he said. With this acquisition, Tata AutoComp further positions itself to enhance its competitiveness in Europe’s premium automotive ecosystem, advancing its ambition to become a global partner of choice for leading vehicle manufacturers.

Real Estate

24 Dec 2025

Modon, Related, Panepinto form JV for Harborside 4 in Jersey City

Abu Dhabi-based Modon Holding PSC has formed a joint venture with US real estate major Related Companies and Jersey City-based Panepinto Properties to develop Harborside 4, a 54-storey luxury residential tower on a prime waterfront site in downtown Jersey City, New Jersey.Under the partnership, Modon will hold a majority equity stake alongside Related and Panepinto, marking another step in the group’s strategy to scale and diversify its global real estate portfolio. The project will be developed on one of the last remaining premium waterfront parcels in the city.Designed by Handel Architects..

Infrastructure Urban

24 Dec 2025

P+Ex and Post-Tensioning Institute partner to drive sustainability

P+Ex, the Center of Excellence for Concrete Preservation and Service Life Extension, has announced a strategic partnership with the Post-Tensioning Institute (PTI) aimed at advancing sustainability, durability, and resilience in the built environment.The collaboration brings together P+Ex’s expertise in concrete preservation, repair, and service life extension with PTI’s global leadership in post-tensioning technology. Through this alliance, the two organisations will work to advance best practices in durability-focused design for new structures, while also promoting effective repair, reha..

Infrastructure Energy

24 Dec 2025

India’s Largest 2,000 MW Subansiri Hydro Project Turns Operational

India’s largest hydropower project, the 2,000 MW Subansiri Lower Hydroelectric Project, has finally become operational with the commissioning of its first unit, marking a major milestone after nearly 20 years of development marked by delays, protests and cost escalation.The 250 MW Unit-2 of the project, located on the Subansiri River at Gerukamukh on the Assam–Arunachal Pradesh border, was virtually inaugurated from New Delhi by Union Minister of Power Manohar Lal Khattar. The event was attended by Pankaj Agarwal, Secretary (Power), and Bhupender Gupta, Chairman and Managing Director, Nati..