M&A Deal Summary

Tata Motors Acquires Jaguar Land Rover

On June 2, 2008, Tata Motors acquired automotive company Jaguar Land Rover from Ford Motor for 2.3B USD

Acquisition Highlights
  • This is Tata Motors’ 1st transaction in the Automotive sector.
  • This is Tata Motors’ largest (disclosed) transaction.
  • This is Tata Motors’ 1st transaction in the United States.

M&A Deal Summary

Date 2008-06-02
Target Jaguar Land Rover
Sector Automotive
Buyer(s) Tata Motors
Sellers(s) Ford Motor
Deal Type Divestiture
Deal Value 2.3B USD

Target

Jaguar Land Rover

Warwickshire, United States
website
Jaguar Land Rover is a company that brings together two much loved, highly prestigious British car brands Jaguar Land Rover is a company that brings together two much loved, highly prestigious British car brands.

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Buyer(S) 1

Buyer

Tata Motors

Mumbai, India

website


Category Company
Founded 1945
Sector Automotive
Employees75,278
Revenue 2,765.8B INR (2022)
DESCRIPTION

Tata Motors is an entity which designs, develops, manufactures, and sells a range of automotive vehicles. also expanding its international footprint, established through exports since 1961. The company's commercial and passenger vehicles are already being marketed in several countries in Europe, Africa, the Middle East, South East Asia, South Asia, South America, CIS and Russia. It has franchisee/joint venture assembly operations in Bangladesh, Ukraine, and Senegal. Tata Motors was founded in 1945 and is based in Mumbai, India.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-29 Tata Finance

Mumbai, India

Tata Finance Ltd. is a provider of finance services.

Buy -

Seller(S) 1

SELLER

Ford Motor

Dearborn, Michigan, United States

website


Category Company
Founded 1903
Sector Automotive
Employees173,000
Revenue 176.2B USD (2023)
DESCRIPTION
Ford Motor Company's corporate headquarters in Dearborn, Michigan.
Ford Motor Company's corporate headquarters in Dearborn, Michigan.

Ford Motor produces and sells automobiles under the Ford and Lincoln brands. In addition to the products Ford sells to dealerships for retail sale, the Company also sells vehicles to dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. Ford Motor also sells parts and accessories, primarily to dealerships and to authorized parts distributors. Through its dealerships, Ford Motor also offers extended service contracts to retail customers. Ford Motor was founded in 1903 and is headquartered in Dearborn, Michigan.


DEAL STATS #
Overall 7 of 12
Sector (Automotive) 2 of 3
Type (Divestiture) 5 of 9
Country (United States) 6 of 8
Year (2008) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-02 EasyCare

Norcross, Georgia, United States

EasyCare is a marketer and administrator of vehicle service contracts and complementary products sold by auto dealers throughout the United States and Canada. EasyCare was formed in 1984 and is based in Norcross, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-28 Volvo Car

Gothenburg, Sweden

Volvo Car Corp. is a Swedish automobile manufacturer. Volvo develops, manufactures, markets, sells, and services in cars.

Sell $1.8B