India, Sept. 15 -- The strategic acquisition enhances Tata Technologies' (TTL) capabilities in high-growth domains-ADAS, Connected Driving, and Digital Engineering-aligned with OEM R&D priorities.

Tata Technologies, a leading global product engineering and digital services company, has announced that it has entered into a definitive agreement to acquire 100% equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group) for a total cash consideration of €75 million. The consideration will be paid over the next two years and includes performance-based earn-outs. The transaction is expected to be EPS accretive from the first full year of operations.

Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Gro...