File Photo: The Tata Technologies Logo at a Press Conference | Photo Credit: Francis Mascarenhas

Tata Technologies Shares Gained 1.26 per cent to ₹ 710.95 in Early afternoon trading on Friday after the company announced a strategic € 75 million acquisition of Germany’s ES-Tea Group. The stock touched an intraday high of ₹ 720.75, with Trading Volumes Reaching 15.13 Lakh Shares.

The pune-based engineering services company signed a definition Gmbh. The All-Cash Deal Includes Performance-Based Earn-Outs Spread Over Two Years.

ES-Tec Group, Establed in 2006 and Headquartred in Wolfsburg, Specializes in High-Ed Automotive Engineering Services Focusing on Advanced Driver Assistant Systems (Adas), Connected Driveing, Digital engineering. The German Firm Generated Revenues of € 36 Million in 2024 and Employers Over 300 Skilled Professionals.

The acquisition strengthens tata technologies’ presence in Germany’s automotive innovation hub and expands its engineering research research & development capitalies. The transaction is expected to be earnings-pa-share accountive from the first full year of operations.

Despite the positive market reaction, jp morgan mantains an “underweight” rating on tata technologies with a target price of ₹ 570 per share. The acquisition requires regulatory approvals in Germany and Morocco, with completes expected by December 2025.

The company revised its initial disclosure to correct a typographical error regarding the completes timeline, initially stating December 2026 INTEAD of December 2025.

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Published on September 15, 2025