Expressnews
Pune, Tuesday, 02nd December 2025: Tata AutoComp Systems Ltd., a leading Indian automotive components manufacturer, has successfully completed the acquisition of the assets of International Automotive Components Group Sweden AB (IAC Sweden), a European automotive component manufacturer specializing in high-quality interior and exterior systems. IAC Sweden has an annual turnover of approximately USD 800 million. Under the Tata AutoComp Systems Group, the entity will operate as Artifex Systems AB.
This will strengthen Tata AutoComp’s presence in Europe and enhance its partnerships with key European OEMs across passenger and commercial vehicle segments. It marks another significant milestone in Tata AutoComp’s journey to expand its global footprint, reinforcing its position as one of India’s largest and most diversified automotive component manufacturers.
The integration brings together complementary strengths of both organisations, combining extensive design, engineering, and system-level capabilities with advanced manufacturing, precision painting, and assembly expertise in the premium automotive space.
Commenting on this development, Arvind Goel, Vice Chairman, Tata AutoComp Systems Ltd., said:
“We are delighted to welcome IAC Sweden, now Artifex Systems AB, into the Tata AutoComp family. This transaction aligns with our long-term vision of strengthening our global presence and deepening our relationships with European OEMs. They have a rich legacy of delivering high-quality interior & exterior solutions, and together, we aim to build on that foundation. 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.”
Manoj Kolhatkar, MD & CEO, Tata AutoComp Systems Ltd., stated:
“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. We look forward to leveraging these strengths to enhance our competitiveness and expand our global footprint.”
Anders Ericson, Vice President – Operations, Artifex Systems AB, stated:
“We are excited to begin this new chapter as part of the Tata AutoComp family, opening new opportunities for growth and collaboration. This marks a new phase of progress, bringing possibilities to strengthen our capabilities, expand our reach, and contribute to Tata AutoComp’s global vision.”
Commenting on this development, Ambassador of India to Sweden, Anurag Bhushan, added – “I am pleased to see IAC Sweden, now Artifex Systems AB, becoming part of Tata AutoComp. I am confident that under Tata AutoComp, Artifex Systems AB will evolve and grow, driving economic growth in the region. This acquisition is also a reflection of the potentialities for collaboration between India and Sweden.”
Jan Thesleff, Ambassador of Sweden to India, stated – “The revitalisation of IAC Sweden (now Artifex Systems AB) by Tata AutoComp will ensure continuity for Swedish customers, safeguard employment, and strengthen manufacturing capability. We recognise the long-standing and strategic engagement of Tata AutoComp, a reputed company within the esteemed Tata Group, within Sweden’s industrial landscape. We welcome this development and value Tata AutoComp’s continued partnership in supporting the stability and growth of Sweden’s automotive ecosystem.”
Sven Östberg, Consul General of Sweden in Mumbai, also added: “We are happy that IAC Sweden (now Artifex Systems AB) is now part of the Tata AutoComp Group. This development will help ensure the smooth functioning of the three plants, provide continued support for Swedish customers, and maintain continuity of employment, while further strengthening the resilience of Sweden’s automotive component ecosystem.”
