Tata AutoComp Systems Ltd, EQT Opportunity and Fouriertransform have entered into an agreement whereby Tata AutoComp Systems Limited will acquire TitanX.
Read the press release about the acquisition
What is the main rationale of the acquisition?
TitanX fits perfectly into the growth strategy of Tata AutoComp, which has a focus to expand globally and fortifying its presence in the Cooling and Emissions segments. At the same time, TitanX and Tata AutoComp will be working together to enhance purchasing and operational efficiency.
Will there be any changes for me as a customer?
No. TitanX and Tata AutoComp share the same values and long-term commitment to customers and markets. Just as before, we will continue our long-term relationships and manufacturing of state of the art powertrain cooling solutions from our sites in Sweden, the US, Mexico, Brazil and China. Also, there will be no changes in TitanX management or key personnel, which will assure seamless continuity in all present and future dealings.
Will you change your name?
No, TitanX and everything that it represents will stay the same.
About Tata AutoComp
Tata AutoComp Systems Limited (Tata AutoComp), promoted by the Tata Group, provides products and services to the Indian and Global automotive OEMs as well as Tier 1 suppliers. Tata AutoComp has own capabilities in Automotive Interior & Exterior Plastics, Composites, Sheet Metal Stampings as well as Engineering and Supply Chain. Tata AutoComp has 7 joint ventures in partnership with leading companies from the Global Auto Component Industry through which it manufactures and markets automotive components and systems like engine cooling solutions, automotive batteries, rear view mirrors, command systems, HVAC, exhaust and emission control systems for passenger and commercial vehicles as well as seating systems and suspensions for heavy commercial vehicles. Tata AutoComp has 33 manufacturing facilities spread across India including two in China. For more information, please visit www.tacogroup.com