Tata AutoComp Systems acquired 80% stake in Artifex Interior Systems
Tata AutoComp Systems (TACO) has acquired an 80% stake in Artifex Interior Systems, previously known as IAC UK, from Jaguar Land Rover Ventures. This is TACO's second acquisition in Europe and aims to strengthen its presence in the continent. Artifex operates three manufacturing facilities and supplies products to key players in the passenger vehicle segment.