Tata Technologies has signed definitive agreements — in a $32.5 million deal — for acquisition of US-based Cambric Corporation to strengthen its global footprint and domain capabilities. Cambric is a premier engineering services company providing turnkey solutions to its customers and has revenues of $25 million as of 31 December 2013.
Besides getting access to high-end systems engineering, engine design and powertrain engineering capability, this deal is expected to consolidate Tata Technologies’ presence in the global construction and heavy equipment sector.
Besides getting access to high-end systems engineering, engine design and powertrain engineering capability, this deal is expected to consolidate Tata Technologies’ presence in the global construction and heavy equipment sector.