Tata Technologies acquires Escenda

Tata Technologies has acquired Gothenburg-based Escenda Engineering in a bid to enhance its scale and service offering in Sweden, and in other regions of Europe. A wholly owned subsidiary of Tata Technologies Europe, Escenda Engineering will continue to have the same management team and full workforce. Following a recent investment worth US$ 26 million in the development of new European innovation and development centre in UK, the acquisition of Escenda Engineering by Tata Technologies hints at a good growth potential for the company in Europe. Keen to offer its services to the European auto industry, albeit with a balanced cost approach, Tata Technologies, according to Nick Sale, Chief Operating Officer – Europe, is supporting a range of global OEMs. Escenda’s revenue growth over the last four years is claimed to be 230 per cent.