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Tata Technologies acquires ES-Tec Group for up to €75 million, boosting ER&D in ADAS and digital engineering. The deal strengthens Tata Technologies in Europe’s automotive sector.
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Tata Tech Share Price: Shares of Tata Technologies Limited are in focus on Monday, September 15, following the acquisition of Germany-based ES-Tec GmbH and its subsidiaries (ES-Tec Group) in a deal valued at up to €75 million.
The transaction, to be executed through Tata Technologies’ Singapore subsidiary, is expected to close by December 31, 2025, subject to regulatory approvals in Germany and Morocco.
Founded in 2006 and headquartered in Wolfsburg, ES-Tec Group is a premium automotive engineering services provider specializing in advanced driver assistance systems (ADAS), connected driving, and digital engineering. The company reported revenues of €36 million in 2024 and employs more than 300 professionals.
Tata Technologies said the acquisition will significantly enhance its engineering, research, and development (ER&D) capabilities, particularly in embedded systems and systems engineering. The company expects the deal to be earnings-per-share (EPS) accretive from the first full year of operations.
“The acquisition of ES-Tec Group is a strategic leap that enhances our ability to deliver end-to-end product engineering solutions across the automotive value chain,” said Warren Harris, MD & CEO of Tata Technologies. “ES-Tec’s technical depth, customer centricity, and regional strength align perfectly with our vision to be the first partner choice for global OEMs navigating the shift towards intelligent, connected, and sustainable mobility.”
Marc Wille, MD & CEO of ES-Tec, said the partnership will allow the German firm to broaden its international presence and take on future automotive challenges. “Together, we are ready to drive the global automotive industry forward—delivering real value through competitive pricing, outstanding quality, and faster development cycles,” Wille added.
The acquisition will give Tata Technologies a stronger foothold in Europe’s automotive hub at a time when OEMs are ramping up R&D investments in electrification, ADAS, and software-defined vehicle platforms. The European engineering services market is projected to grow from €4.5 billion in 2020 to €11.7 billion by 2030, offering significant growth opportunities.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 15, 2025, 08:12 IST
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