Tata Motors acquires 80% stake in Italy's Trilix
Tata Motors has acquired 80% stake in Italy-based design and engineering company Trilix for a consideration of €1.85 million. The remaining 20% stake is equally held by its promoters- Bryn Jones, Federico Muzio and Justyn Norek.
The acquisition is in line with the company’s objective to enhance its styling/design capabilities to global standards.
In another development, Tata Motors is raising USD 750 million via QIP.
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Trilix offers design and engineering services in the automotive sector, specifically styling, architecture, packaging, surfacing, macro and micro feasibility, detailed engineering development.
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