Tata Technologies Ltd. announced it has entered into a definitive agreement to gain 100% equity shares of ES-Tech GmbH and its subsidiaries for a total cash consideration of $75 million (₹777 crore).
The company stated that payment will occur over the next two years and will include performance-based earn-outs. The transaction is expected to increase earnings per share (EPS) from the first full year of operation.
ES-Tech Group is a leading provider of premium automotive services. The company specialises in Driver Assistance Systems (DAS), connected driving solutions, and digital engineering, offering innovative technology and expertise to enhance the driving experience.
ES-Tech has established a remarkable reputation for offering complex systems engineering solutions to its customers, backed by a strong base of 300 skilled professionals, it said.
“ES-Tec’s technical depth, customer centricity, and regional strength align perfectly with our strategic vision to be the first partner choice for global OEMs navigating the shift towards intelligent, connected, and sustainable mobility,” said Warren Harris, MD & CEO of Tata Technologies.
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The integration of ES-Tec Group will significantly enhance Tata Technologies’ ER&D capabilities, particularly in embedded systems, electronics, and systems engineering. We will be well-positioned to unlock cross-selling synergies, expand and jointly pursue next-generation mobility programs,” he added.
Our goal is to advance the global automotive industry together with Tata Technologies and become the best partner for the mobility sector.
