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Tata Motors Ltd's Tata Technologies To Acquire Cambric Corporation

Friday, 26 Apr 2013 03:40am EDT 

Tata Motors Ltd announced that Tata Technologies has signed definitive agreements for the acquisition of US-based Cambric Corporation, an engineering services company. Cambric has three development centres in Romania and its customers include some of the world's marquee heavy machinery, agricultural, off-highway and automotive companies. It provides system level engineering and design capabilities in engine, powertrain, chassis/structures, body, electrical and hydraulic systems to its global customers, Cambric is privately held company with private equity investors holding majority stake in the company. Financial terms of the transaction were not disclosed. 

Company Quote

9.25 +1.76%
6:30am EDT