Tata AutoComp to Acquire IAC Sweden, Expanding Global Reach

26 Mar 2025 CW Team

Tata AutoComp Systems has announced its acquisition of International Automotive Components Group Sweden AB (IAC Sweden), a key manufacturer of vehicle interior systems and components. The acquisition strengthens Tata AutoComp’s presence in Europe and deepens its collaboration with leading European original equipment manufacturers (OEMs).

The key entities involved are:

Tata AutoComp Systems – Indian automotive components manufacturer IAC Sweden – Supplier of vehicle interiors to major Swedish automakers IAC Sweden, with an annual turnover of approximately $800 million, had filed for bankruptcy in June 2024 and was under a court-appointed administrator. The deal is subject to European regulatory approvals.

Strategic Significance Strengthens Tata AutoComp’s European footprint Enhances partnerships with Volvo Trucks, Volvo Cars, and Scania Expands capabilities in plastic moulding, high-precision painting, and interior assembly

Arvind Goel, Vice-Chairman, Tata AutoComp, stated, “This acquisition aligns with our long-term vision to expand globally and fortify relationships with European OEMs.” Manoj Kolhatkar, MD & CEO, Tata AutoComp, described the move as a “pivotal step” in enhancing the company’s global presence and technology portfolio.

IAC Sweden operates three factories in Gothenburg, Skara, and Färgelanda, employing 1,500 specialists in interior component manufacturing. With this acquisition, Tata AutoComp is set to reinforce its market position in Europe’s automotive supply chain, further cementing its role as a global industry leader.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..