Tata AutoComp boosts Europe presence as IAC Sweden becomes Artifex Systems AB

Tata AutoComp Systems on Tuesday said it has completed its acquisition of European automotive component manufacturer IAC Sweden and rebranded the business as Artifex Systems AB, marking a significant expansion of the company’s presence in Europe.

The company said the acquisition strengthens its partnerships with key European OEMs across passenger and commercial vehicle segments. It added that the completion marks another step in its global expansion strategy, reinforcing its position as one of India’s largest and most diversified automotive component manufacturers.

“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,” said Arvind Goel, Vice Chairman, Tata AutoComp Systems Ltd.

IAC Sweden, now renamed Artifex Systems AB, is part of the International Automotive Components Group Sweden AB, a company with annual revenue of USD 800 million and a specialisation in high-quality interior and exterior systems.

Tata AutoComp said the integration will bring together the complementary strengths of both organisations, combining design, engineering and system-level capabilities with advanced manufacturing, precision painting and assembly expertise in the premium automotive segment.

“This marks a new phase of progress, bringing possibilities to strengthen our capabilities, expand our reach, and contribute to Tata AutoComp’s global vision,” said Anders Ericson, Vice President, Operations, Artifex Systems AB.

“IAC Sweden, now Artifex Systems AB brings with it advanced manufacturing capabilities and a highly skilled workforce with deep expertise in automotive interior & exterior systems. Their strong commitment to quality complements Tata AutoComp’s focus on delivering value to global customers,” said Manoj Kolhatkar, MD & CEO, Tata AutoComp Systems Ltd.