Tata AutoComp boosts Europe presence with IAC Sweden acquisition

Tata AutoComp has officially completed its takeover of the assets of International Automotive Components Group Sweden AB, a major European supplier of premium interior and exterior automotive systems.

Now rebranded as Artifex Systems, the acquired unit brings an annual turnover of about $800 million and expands Tata AutoComp’s footprint in a key global market.

The company said the move strengthens its presence in Europe and deepens ties with leading OEMs across both passenger and commercial vehicle segments.

“We are delighted to welcome IAC Sweden, now Artifex Systems, into the Tata AutoComp family. This aligns with our long-term vision of strengthening our global presence and deepening our relationships with European OEMs," said Arvind Goel, vice-chairman, Tata AutoComp Systems.

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For the Indian auto component major, the acquisition marks a major step in its strategy to build a stronger global network. By integrating IAC Sweden’s advanced manufacturing, precision painting and assembly capabilities, Tata AutoComp aims to enhance its own design and engineering strengths and offer more comprehensive system-level solutions to global customers.

From the newly acquired entity’s side, Anders Ericson, vice-president – operations, Artifex Systems, said becoming part of Tata AutoComp “opens new opportunities for growth and collaboration” and will help broaden capabilities and market reach.

The development has also earned strong diplomatic backing. Anurag Bhushan, India’s ambassador to Sweden, said the acquisition highlights the rising scope for deeper industrial cooperation between the two countries. Swedish ambassador to India, Jan Thesleff, added that Tata AutoComp’s entry ensures customer continuity, protects jobs and strengthens Sweden’s manufacturing ecosystem.