M&A Deal Summary

Tata AutoComp Systems Acquires TitanX Engine Cooling AB

On August 16, 2016, Tata AutoComp Systems acquired automotive company TitanX Engine Cooling AB from EQT

Acquisition Highlights
  • This is Tata AutoComp Systems’ 1st transaction in the Automotive sector.
  • This is Tata AutoComp Systems’ 1st transaction in Sweden.

M&A Deal Summary

Date 2016-08-16
Target TitanX Engine Cooling AB
Sector Automotive
Buyer(s) Tata AutoComp Systems
Sellers(s) EQT
Deal Type Add-on Acquisition

Target

TitanX Engine Cooling AB

Solvesborg, Sweden
TitanX Engine Cooling AB is a provider of powertrain cooling solutions for commercial vehicles and the company serves most of the western world’s OEMs, including Volvo Trucks, Scania, Daimler and Iveco.

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Buyer(S) 1

Buyer

Tata AutoComp Systems

Pune, India

Category Company
Founded 1995
Sector Automotive
DESCRIPTION

Tata AutoComp Systems Ltd., provides products and services to the Indian and Global automotive OEMs as well as Tier 1 suppliers.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-09 Tata AutoComp Mobility Telematics

Pune, India

Tata AutoComp Mobility Telematics Ltd. (TMT), is a provider of telematics solutions and Mobile Resource Management (MRM) services in India and serves large customers such as Bharat Petroleum Corp. Ltd. as well as Tata Group companies such as Tata Motors.

Sell -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 84 of 194
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 36 of 76
Country: Sweden M&A 24 of 34
Year: 2016 M&A 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Press Ganey

South Bend, Indiana, United States

Press Ganey is a provider of healthcare performance solutions for hospitals, healthcare and home care providers. Press Ganey utilizes patient and employee surveys to collect vast amounts of proprietary data on behalf of clients to power its industry-leading benchmarking and analytics tools and advisory services. Press Ganey was founded in 1985 and is based in South Bend, Indiana.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 TransIP

Leiden, Netherlands

TransIP is the largest independent domain name, hosting, and Virtual Private Server (“VPS”) provider in the Benelux with a focus on tech-savvy customers and IT professionals. TransIP was founded in 2003 and is headquartered in Leiden in the Netherlands.

Buy -