Tata Technologies Limited — JV/Acquisition, 13-09-2025: Acquisition

Tata Technologies is acquiring 100% of Germany-based ES-Tec Group for €75 million (approx. 675 Cr) in cash. ES-Tec, which reported ~€36 million (approx. 324 Cr) revenue in 2024, specializes in high-end automotive engineering for ADAS, Connected Driving, and Digital Engineering. This strategic move significantly boosts TTL's ER&D capabilities, expands its presence in the crucial European market, and adds a strong talent pool of over 300 engineers. The deal is expected to be EPS accretive from the first full year, enhancing Tata Technologies' offering for global automotive clients.