Tata Technologies Ltd, a leading global product engineering and digital services company, has announced the acquisition of 100% equity shares of ES-Tec GmbH and its subsidiaries (collectively, ES-Tec Group) for a total cash consideration of €75 million. The payment will be spread over two years and include performance-based earn-outs. The deal is expected to be EPS accretive from the first full year of operations.
Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a premium automotive engineering services provider specialising in Driver Assistance Systems (ADAS), Connected Driving, and Digital Engineering. With a strong team of over 300 skilled engineers, the company has built a reputation for delivering advanced systems engineering solutions to leading automotive OEMs.
Through this acquisition, Tata Technologies aims to accelerate its Engineering Research and Development (ER&D) growth, expand its European presence, and strengthen expertise in next-generation automotive technologies. The deal will also create opportunities for cross-selling synergies and broaden access to global OEM accounts, enhancing TTL’s role in the mobility value chain.
Warren Harris, MD & CEO of Tata Technologies, called the acquisition a “strategic leap”, stating: “ES-Tec’s technical depth, customer focus, and regional strength align perfectly with our vision to be the first partner of choice for global OEMs transitioning to intelligent, connected, and sustainable mobility.”
Marc Wille, MD & CEO of ES-Tec Group, emphasised the benefits of joining forces: “Partnering with Tata Technologies enables us to expand capabilities, extend our international footprint, and deliver faster, higher-quality solutions to our customers. Together, we are well-positioned to drive the automotive industry forward.”
The acquisition comes at a time when Europe’s engineering services market is projected to grow significantly, from €4.5 billion in 2020 to €11.7 billion by 2030, driven by investments in electrification, ADAS, and software-defined vehicles. With ES-Tec’s expertise and TTL’s global reach, the partnership is expected to capture a larger share of these high-value programmes.
The transaction, advised by MCF Corporate Finance, is subject to customary closing conditions and regulatory approvals. Once completed, it will reinforce Tata Technologies’ commitment to innovation, talent, and customer success as it scales its global footprint in next-generation mobility solutions.
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