Tata Technologies acquires Sweden's Escenda Engineering

Engineering services company Tata Technologies has entered into a definitive agreement to acquire Sweden’s engineering and design specialist Escenda Engineering AB for an undisclosed sum.

The acquisition helps Tata Technologies accelerate its plans to expand in Europe due to the rapid growth opportunity the region offers in both the automotive and industrial machinery sectors. Following the acquisition, Escenda Engineering will become a wholly owned subsidiary of Tata Technologies Europe.

The company will maintain the same management team and full workforce under the new ownership, Tata Technologies said. Through this acquisition, Tata Technologies will leverage its global expertise in engineering services to support key accounts in Sweden and the European market and help them create better products for their customers. “The acquisition is an essential component in Tata Technologies’ European growth strategy and follows the recent $26 million investment in the development of a new European headquarters in the UK,” the company said.

Founded in 2009, Escenda Engineering is based in Gothenburg, Sweden, and has established itself as a leader in automotive product engineering and design.

Escenda’s product development knowledge and history of working with top global manufacturers will deepen Tata Technologies’ automotive sector expertise, expand the company’s facilities in Sweden, add strong local leadership, and further grow capabilities through key partnerships in Sweden, Tata Technologies added.