Tata AutoComp completed the acquisition of IAC Sweden from IAC Group.

Tata AutoComp, an Indian automotive components manufacturer, completed the acquisition of IAC Sweden from IAC Group, a global supplier of automotive components and systems. Financial terms were not disclosed. "This transaction aligns with our long-term vision of strengthening our global presence and deepening our relationships with European OEMs. We have a well-defined plan to strengthen the Artifex brand by bringing together Artifex Systems AB, Artifex Slovakia, and Artifex Interior Systems under one cohesive and unified identity," Arvind Goel, Tata AutoComp Vice Chairman.