Tata Capital Investment Banking advises Tata AutoComp, a leading Indian auto-component conglomerate on the acquisition of TitanX, a leading global engine cooling supplier based in Sweden, from EQT opportunity and Fouriertransform.

TitanX is a world leading supplier of powertrain cooling solutions for commercial vehicles and the company serves most of the western world’s OEMs. TitanX has sales of approximately US$200 million and has manufacturing plants in Sweden, USA, Mexico, Brazil and China.

Tata AutoComp Systems Limited, promoted by Tata Group, provides products and services to the Indian and global automotive OEMs as well as Tier 1 suppliers through 33 manufacturing facilities spread across India and two in China. Tata AutoComp manufactures automotive components including plastics, composites, engine cooling solutions, automotive batteries, command systems, exhaust and emission control systems for passenger and commercial vehicles as well as seating systems and suspensions for heavy commercial vehicle.