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Tata Technologies has entered into a definitive agreement for acquiring Escenda Engineering AB.
The company has said in a statement that “The acquisition helps Tata Technologies accelerate its plans to expand in Europe due to the rapid growth opportunity the region offers in both the automative and industrial machinery sectors.”
Escenda Engineering will become a wholly owned subsidiary of Tata Technologies Europe following the acquisition.
The company, however, will maintain the same management team and full workforce under the new ownership.
