Tata AutoComp Systems, the Tata Group-owned auto-component conglomerate, will acquire TitanX, a leading global engine cooling supplier. It is currently owned by EQT Opportunity and Fouriertransform. TitanX supplies engine and powertrain cooling solutions to the commercial vehicle industry having plants across North America, South America, Europe and China with sales of approximately $200 million.
Tata Group is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra, India. It was founded in 1868 by Jamsedji Tata and gained international recognition after purchasing several global companies. It is one of India’s largest conglomerates. In 2014-15, the revenue of Tata companies, taken together, was $108.78 billion.
So let’s do:
1. Name the company, which accuired a leading global engine cooling supplier?
Source – The Hindu