Tata Technologies acquires Germany-based ES-Tec Group for €75 million

Tata Group’s digital and engineering services arm Tata Technologies (TTL) has acquired Germany-based ES-Tec Group for €75 million as the company looks to deepen its presence in Europe and strengthen its play in next-gen automotive engineering.

The all-cash deal, which will be completed over two years will be based on Es-Tec meeting certain performance objectives over two years. The acquisition is expected to be EPS accretive from the first full year of operations, TTL said in a statement late Saturday.

Founded in 2006 and headquartered in…