Tata AutoComp Systems (Tata AutoComp), a leading auto-component conglomerate, will acquire TitanX - a leading global engine cooling supplier.
TitanX is a leading engine and powertrain cooling solutions supplier to the commercial vehicle industry having plants across North America, South America, Europe and China with sales of approximately USD200 million. TitanX is currently owned by EQT Opportunity and Fouriertransform.
Speaking on the occasion, Praveen Kadle, chairman, Tata AutoComp, said, "TitanX represents state of the art powertrain cooling solutions with a global presence that fits perfectly into our future growth areas. We are confident that under the successful and experienced management in TitanX, it will be a great asset and will contribute to the growth of Tata AutoComp."
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