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International Automotive Components

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uuid0004ujd

Namestring
International Automotive Components
Legal namestring
International Automotive Components Group GmbH
Websiteurl
iacgroup.com
Company typeenum
Private
Founded yearint
2005
Descriptiontext

International Automotive Components (IAC) Group is a global Tier-0.5/Tier-1 supplier of automotive interior components and systems, headquartered in Luxembourg with legal entities in Luxembourg and Germany. The company serves all major automotive OEMs worldwide, supplying instrument panels, cockpit systems, door trim, headliners, overhead systems, console systems, and specialized solutions for electric vehicles. As of the available data, IAC operates 17 manufacturing and operational locations across 5 countries with a global workforce of nearly 8,000 employees, and is privately held following a 2018 recapitalization led by Gamut Capital.

The company organizes its product portfolio around three branded proprietary technology platforms: EcoMat (sustainable and renewable materials, including FiberFrame natural-fiber headliner reinforcement with 70% renewable content, Hybrid Molding, Injection Molded Soft Skin, and low-carbon-footprint resins), LiteTec (lightweighting technologies such as CoreBack, a chemical-foaming injection process, and natural-fiber reinforcement), and SafeTec (occupant safety and sanitation, including Audio Glass transparent speakers, Composite Laser Scoring for airbag deployment, antimicrobial and antiviral treatments, and UVC irradiation). Beyond these, the company markets EV-specific solutions covering battery enclosures, seat structures, thermal and electrical insulation, thermal event management, and front-trunk functional integration. Production capacity includes 3.5 million headliners per year, and the company holds ISO 9001 and IATF 16949 certifications relevant to automotive quality systems.

IAC generates revenue through direct B2B hardware sales to automotive OEMs under multi-year commercial agreements with pricing negotiated at the program level. The go-to-market motion is enterprise field sales to OEM procurement and engineering organizations, with manufacturing sited near OEM assembly plants to support just-in-time delivery. In 2025 the company executed two notable divestitures: its Indian business was sold to Lumax Auto Technologies in May 2025, and its Swedish operations were sold to Tata AutoComp Systems in December 2025 (rebranded Artifex Systems AB), reflecting active portfolio reshaping rather than organic geographic expansion.

Short descriptiontext

IAC Group is a global Tier-1 supplier of automotive interior components and systems—including instrument panels, door trim, headliners, overhead systems, and EV-specific solutions—serving all major automotive OEMs across 17 manufacturing facilities in five countries.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersGrand-halleux, Belgium
HQ citystring
Grand-halleux
HQ countrystring
Belgium
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
automotive interior components, instrument panel systems, overhead headliner systems, door trim panels, lightweight EV interiors
Industry3 codes
1Automotive Interior Comfort & Convenience Components Manufacturing (Armrests/Cupholders/Storage/Interior Hardware)
CodeIMACAKAJPrimaryNo
2Automotive Lighting Assemblies Manufacturing (Headlamps/Taillamps/Interior Lamps/DRLs)
CodeIMACAKAGPrimaryNo
3Passenger Vehicle Interior Systems Manufacturing (ICE)
CodeIMACAAAMPrimaryNo
NAICS code2 codes
  • Motor Vehicle Seating and Interior Trim Manufacturing336360
  • Motor Vehicle Seating and Interior Trim Manufacturing33636
SIC code1 code
  • Motor Vehicles & Passenger Car Bodies3711
Product category
Automotive Interior Components and Systems
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Automotive Components and Systems Sales
TypeHardware Sales
Description

IAC generates revenue through the sale of automotive interior components and systems to OEMs, including instrument panels, console systems, door panels, headliners, overhead systems, and EV-specific solutions. The company operates as a billion-dollar global manufacturing company serving automakers worldwide.

iacgroup.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Pricing details1 tier
1B2B OEM supplier pricing
ModelOtherBilling cadenceMulti-year contract
Notes

Pricing is negotiated directly with automotive OEM customers through commercial agreements. No public pricing tiers or rate cards available.

iacgroup.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 7 records shown
1EcoMat
Description

Sustainable product portfolio incorporating eco-friendly, renewable and recyclable materials into advanced automotive interior solutions that minimize energy consumption and eliminate waste.

iacgroup.com
+6 more records
Core offering1 text field

International Automotive Components (IAC) Group designs, engineers, and manufactures automotive interior components and systems—including instrument panels, cockpit systems, door trim, console systems, overhead systems/headliners, and EV-specific solutions—for sale to global automotive OEMs. The company operates as a vertically integrated Tier-0.5/Tier-1 supplier with proprietary technology platforms spanning sustainable materials (EcoMat), lightweighting (LiteTec), and occupant safety/sanitation (SafeTec).

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 7 values shown
  • More than 50% weight reduction over steel frames with FiberFrame
+6 more records
Product overview1 text field

IAC Group is a leading global supplier of automotive interior components and systems, operating as a billion-dollar manufacturing company with nearly 8,000 employees across 17 locations in 5 countries. The company offers a comprehensive portfolio organized around three core technology sub-brands—EcoMat (sustainable materials including FiberFrame, Hybrid Molding, IMSS, and Low Carbon Footprint Resins), LiteTec (lightweight technologies including CoreBack), and SafeTec (safety technologies including Audio Glass and Composite Laser Scoring)—alongside five solution categories: EV Systems, Door Trim Systems, Console Systems, Instrument Panels & Cockpit Systems, and Overhead Systems. The portfolio includes proprietary technologies like Intelligent Surface, FreeForm Technology, UVC Irradiation Surface Treatment, e-Release Door Handle, SmartFoil, and Monomaterial Components. Headquartered in Luxembourg, IAC serves mobility manufacturers worldwide with powertrain-agnostic automotive interior components.

Product and service8 records
1EcoMat
CategoryTechnology Sub-brand / Sustainable Materials
Description

Sustainable technology portfolio that incorporates eco-friendly, renewable and recyclable materials into automotive interior solutions, reducing environmental impact from start to finish. Targeted at automotive OEMs seeking sustainable interior programs.

2LiteTec
CategoryTechnology Sub-brand / Lightweighting
Description

Lightweight technology portfolio that approaches mass reduction through alternative materials and innovative processes to help manufacturers meet emissions standards, reduce fuel consumption, and extend EV range. Targeted at automotive OEMs designing lightweight vehicle programs.

3SafeTec
CategoryTechnology Sub-brand / Safety & Sanitation
Description

Safety and sanitation technology incorporating applied technologies for automakers that protect occupants, including integrated door intrusion geometries and antimicrobial measures. Targeted at OEMs requiring integrated safety and hygiene features in vehicle interiors.

4EV Systems
CategorySolution Category / Electric Vehicle Interiors
Description

Comprehensive solutions for electric vehicles including energy efficiency through light weighting, functional integrations, thermal and electrical insulation, and thermal event management, and functional integrations for front trunk (frunk) cargo space. Targeted at EV manufacturers requiring specialized interior solutions for battery-electric architecture.

5Door Trim Systems
CategorySolution Category / Door Interior Modules
Description

World-class door trim and panel solutions including door panels, armrests, hard panels and map pockets, incorporating innovative and technical expertise for comfort, safety and functionality. Targeted at automotive OEMs requiring complete door interior modules.

6Console Systems
CategorySolution Category / Console Modules
Description

Design and manufacture of overhead and floor console components using superior hard and soft materials integrating IAC technologies for enhanced performance, style and safety. Targeted at automotive OEMs requiring console modules for vehicle interiors.

7Instrument Panels & Cockpit Systems
CategorySolution Category / Instrument Panel & Cockpit Modules
Description

Complete instrument panel and cockpit systems designed, engineered, manufactured and assembled from conceptual development through production, using high quality materials including hard- and soft-touch surfaces and hand cut-and-sewn leather. Targeted at automotive OEMs seeking full instrument panel/cockpit modules.

8Overhead Systems
CategorySolution Category / Overhead & Headliner Modules
Description

Leading overhead systems and headliners with vertical integration capabilities including headliner substrates, overhead systems, air distribution ducts, assist handles and overhead consoles, delivering 3.5 million headliners per year. Targeted at automotive OEMs requiring overhead interior modules.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature16 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

International Automotive Components

Automotive Interior Components and Systemsiacgroup.com

IAC Group is a global Tier-1 supplier of automotive interior components and systems—including instrument panels, door trim, headliners, overhead systems, and EV-specific solutions—serving all major automotive OEMs across 17 manufacturing facilities in five countries.

What International Automotive Components does

International Automotive Components (IAC) Group is a global Tier-0.5/Tier-1 supplier of automotive interior components and systems, headquartered in Luxembourg with legal entities in Luxembourg and Germany. The company serves all major automotive OEMs worldwide, supplying instrument panels, cockpit systems, door trim, headliners, overhead systems, console systems, and specialized solutions for electric vehicles. As of the available data, IAC operates 17 manufacturing and operational locations across 5 countries with a global workforce of nearly 8,000 employees, and is privately held following a 2018 recapitalization led by Gamut Capital.

The company organizes its product portfolio around three branded proprietary technology platforms: EcoMat (sustainable and renewable materials, including FiberFrame natural-fiber headliner reinforcement with 70% renewable content, Hybrid Molding, Injection Molded Soft Skin, and low-carbon-footprint resins), LiteTec (lightweighting technologies such as CoreBack, a chemical-foaming injection process, and natural-fiber reinforcement), and SafeTec (occupant safety and sanitation, including Audio Glass transparent speakers, Composite Laser Scoring for airbag deployment, antimicrobial and antiviral treatments, and UVC irradiation). Beyond these, the company markets EV-specific solutions covering battery enclosures, seat structures, thermal and electrical insulation, thermal event management, and front-trunk functional integration. Production capacity includes 3.5 million headliners per year, and the company holds ISO 9001 and IATF 16949 certifications relevant to automotive quality systems.

IAC generates revenue through direct B2B hardware sales to automotive OEMs under multi-year commercial agreements with pricing negotiated at the program level. The go-to-market motion is enterprise field sales to OEM procurement and engineering organizations, with manufacturing sited near OEM assembly plants to support just-in-time delivery. In 2025 the company executed two notable divestitures: its Indian business was sold to Lumax Auto Technologies in May 2025, and its Swedish operations were sold to Tata AutoComp Systems in December 2025 (rebranded Artifex Systems AB), reflecting active portfolio reshaping rather than organic geographic expansion.

International Automotive Components firmographics

Firmographics
Name
International Automotive Components
Legal name
International Automotive Components Group GmbH
Website
https://iacgroup.com
Company type
Private
Founded year
2005
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
IAC Group is a global Tier-1 supplier of automotive interior components and systems—including instrument panels, door trim, headliners, overhead systems, and EV-specific solutions—serving all major automotive OEMs across 17 manufacturing facilities in five countries.
Ownership category
akta.pro rank

Where International Automotive Components is headquartered

Location

Headquarters

HQ city
Grand-halleux
HQ country
Belgium
HQ region
Europe

Offices1 record

Markets served

International Automotive Components business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Automotive Components and Systems Sales: IAC generates revenue through the sale of automotive interior components and systems to OEMs, including instrument panels, console systems, door panels, headliners, overhead systems, and EV-specific solutions. The company operates as a billion-dollar global manufacturing company serving automakers worldwide.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractB2B OEM supplier pricing

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

International Automotive Components product offering

Product offering

Core offering

International Automotive Components (IAC) Group designs, engineers, and manufactures automotive interior components and systems—including instrument panels, cockpit systems, door trim, console systems, overhead systems/headliners, and EV-specific solutions—for sale to global automotive OEMs. The company operates as a vertically integrated Tier-0.5/Tier-1 supplier with proprietary technology platforms spanning sustainable materials (EcoMat), lightweighting (LiteTec), and occupant safety/sanitation (SafeTec).

Product overview

IAC Group is a leading global supplier of automotive interior components and systems, operating as a billion-dollar manufacturing company with nearly 8,000 employees across 17 locations in 5 countries. The company offers a comprehensive portfolio organized around three core technology sub-brands—EcoMat (sustainable materials including FiberFrame, Hybrid Molding, IMSS, and Low Carbon Footprint Resins), LiteTec (lightweight technologies including CoreBack), and SafeTec (safety technologies including Audio Glass and Composite Laser Scoring)—alongside five solution categories: EV Systems, Door Trim Systems, Console Systems, Instrument Panels & Cockpit Systems, and Overhead Systems. The portfolio includes proprietary technologies like Intelligent Surface, FreeForm Technology, UVC Irradiation Surface Treatment, e-Release Door Handle, SmartFoil, and Monomaterial Components. Headquartered in Luxembourg, IAC serves mobility manufacturers worldwide with powertrain-agnostic automotive interior components.

Differentiator

Problem solved

Functional benefit

Brands

  • EcoMat: Sustainable product portfolio incorporating eco-friendly, renewable and recyclable materials into advanced automotive interior solutions that minimize energy consumption and eliminate waste.
  • LiteTec
  • SafeTec
  • FiberFrame
  • Hybrid Molding
  • Injection Molded Soft Skin (IMSS)
  • CoreBack

Products and services

  • EcoMat Sustainable technology portfolio that incorporates eco-friendly, renewable and recyclable materials into automotive interior solutions, reducing environmental impact from start to finish. Targeted at automotive OEMs seeking sustainable interior programs.
  • LiteTec Lightweight technology portfolio that approaches mass reduction through alternative materials and innovative processes to help manufacturers meet emissions standards, reduce fuel consumption, and extend EV range. Targeted at automotive OEMs designing lightweight vehicle programs.
  • SafeTec Safety and sanitation technology incorporating applied technologies for automakers that protect occupants, including integrated door intrusion geometries and antimicrobial measures. Targeted at OEMs requiring integrated safety and hygiene features in vehicle interiors.
  • EV Systems Comprehensive solutions for electric vehicles including energy efficiency through light weighting, functional integrations, thermal and electrical insulation, and thermal event management, and functional integrations for front trunk (frunk) cargo space. Targeted at EV manufacturers requiring specialized interior solutions for battery-electric architecture.
  • Door Trim Systems World-class door trim and panel solutions including door panels, armrests, hard panels and map pockets, incorporating innovative and technical expertise for comfort, safety and functionality. Targeted at automotive OEMs requiring complete door interior modules.
  • Console Systems Design and manufacture of overhead and floor console components using superior hard and soft materials integrating IAC technologies for enhanced performance, style and safety. Targeted at automotive OEMs requiring console modules for vehicle interiors.
  • Instrument Panels & Cockpit Systems Complete instrument panel and cockpit systems designed, engineered, manufactured and assembled from conceptual development through production, using high quality materials including hard- and soft-touch surfaces and hand cut-and-sewn leather. Targeted at automotive OEMs seeking full instrument panel/cockpit modules.
  • Overhead Systems Leading overhead systems and headliners with vertical integration capabilities including headliner substrates, overhead systems, air distribution ducts, assist handles and overhead consoles, delivering 3.5 million headliners per year. Targeted at automotive OEMs requiring overhead interior modules.

Quantifiable outcome

  • More than 50% weight reduction over steel frames with FiberFrame
  • +6 more outcomes

Companies that use International Automotive Components

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

International Automotive Components technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature16 records

International Automotive Components partnerships and signals

Strategic signal

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

International Automotive Components competitors and assessment

Company assessment

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

International Automotive Components social profiles

Digital presence

International Automotive Components compliance and trust

Trust signal

Compliance2 records

International Automotive Components financial estimates

Financial estimate

Revenue estimate

Valuation estimate

International Automotive Components leadership team

Management profile

Number of profiles

Profiles7 records

International Automotive Components funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

International Automotive Components M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Automotive Components

What does International Automotive Components do?

International Automotive Components (IAC) Group designs, engineers, and manufactures automotive interior components and systems—including instrument panels, cockpit systems, door trim, console systems, overhead systems/headliners, and EV-specific solutions—for sale to global automotive OEMs. The company operates as a vertically integrated Tier-0.5/Tier-1 supplier with proprietary technology platforms spanning sustainable materials (EcoMat), lightweighting (LiteTec), and occupant safety/sanitation (SafeTec).

Is International Automotive Components a public or private company?

International Automotive Components is a private company. It is classified as private equity controlled and is currently operating.

When was International Automotive Components founded?

International Automotive Components was founded in 2005. It employs 5,001 to 10,000 people.

Where is International Automotive Components based?

International Automotive Components is headquartered in Grand-halleux, Belgium, in the Europe region.

How does International Automotive Components make money?

One revenue line is on record: automotive Components and Systems Sales.

Does International Automotive Components have an API?

No public API is recorded for International Automotive Components.

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Live signals
Fortune IndiaThe Emerging 100: Lumax Auto, assembling the futureLumax Auto Technologies is undergoing a strategic transformation from a Tier-1 auto component supplier to a Tier 0.5 systems integrator, acquiring the Indian business of International Automotive Components in May 2025 and taking a majority stake in Greenfuel Energy Solutions in November 2024. The company reported net sales of ₹3,637 crore in FY25, up 29% from ₹2,822 crore in FY24, with EBITDA of ₹465 crore and profit after tax of ₹178 crore, while targeting a 20% revenue CAGR and 20% EBITDA margins by FY31. Lumax is positioning itself to supply integrated cockpit systems for EVs like Mahindra & Mahindra's BE6 and XEV 9e, automatic transmission components via its Mannoh Industrial JV, and CNG/hydrogen fuel systems through Greenfuel.HindustantimesBits and Bytes: Know about startup and business news in PuneTata AutoComp Systems has completed the acquisition of assets from International Automotive Components Group Sweden AB (IAC Sweden), a European automotive component manufacturer specializing in interior and exterior systems, which will now operate as Artifex Systems AB under the Tata AutoComp group with approximately ₹800 million in annual turnover. Shapoorji Pallonji Real Estate has announced a 105-acre plotted residential project in Pune Growth Corridor near the upcoming Purandar International Airport, with estimated revenue potential of ₹600 crore from 483 residential plots. Major infrastructure projects including the Pune Ring Road and Purandar Airport are driving a noticeable increase in real estate demand, with Hinjewadi seeing over 15% rise and Ambegaon seeing nearly 14% increase in buyer interest over the past year.Construction WorldTata AutoComp Acquires IAC Sweden to Boost Global ExpansionTata AutoComp Systems has completed the acquisition of assets from International Automotive Components Group Sweden AB (IAC Sweden), which is being rebranded as Artifex Systems AB. This transaction adds an entity with approximately USD 800 million in annual turnover to Tata AutoComp's portfolio, reinforcing its strategic expansion into European automotive hubs. The move aims to consolidate operations under the unified Artifex brand and enhance capabilities in premium interior and exterior automotive systems.Autocar ProfessionalTata AutoComp Acquires IAC Sweden Assets, Establishes Artifex Systems ABTata AutoComp Systems Ltd. has finalized the acquisition of International Automotive Components Group Sweden AB's assets for approximately USD 800 million, establishing the entity as Artifex Systems AB to expand its European footprint. The deal includes three production facilities in Sweden employing around 1,800 personnel and supplies interior and exterior systems to major OEMs like Volvo Cars and Scania. This strategic move aims to strengthen relationships with European original equipment manufacturers across passenger and commercial vehicle segments.BW DisruptTata AutoComp Expands Its European FootprintTata AutoComp Systems has completed the acquisition of assets from International Automotive Components Group Sweden AB (IAC Sweden), rebranding it as Artifex Systems AB to expand its European operations. The transaction involves an entity with an annual turnover of approximately USD 800 million and aims to unify Tata's European subsidiaries under a single brand identity to better serve OEMs. This strategic move reinforces Tata AutoComp's global presence and competitiveness in the premium automotive ecosystem.Autocar ProfessionalTata AutoComp Acquires IAC Sweden Assets, Establishes Artifex Systems ABTata AutoComp Systems Ltd. has finalized the acquisition of International Automotive Components Group Sweden AB's assets for approximately USD 800 million, establishing the new entity Artifex Systems AB to expand its European operations. The deal involves three Swedish production facilities employing around 1,800 personnel and strengthens Tata AutoComp's supply relationships with major European OEMs such as Volvo and Scania. This strategic move is part of the company's broader plan to consolidate its global presence and deepen ties with original equipment manufacturers in both passenger and commercial vehicle segments.IntevaproductsInteva Products Strengthens Interiors Position with Acquisition of Portions of International Automotive Components (IAC) Group in EuropeInteva Products announced on December 1, 2025, that it has acquired portions of International Automotive Components (IAC) Group's European business, strengthening its position in the automotive interiors market. The combined entity now operates with a global workforce of 12,000 employees across 37 locations worldwide. Company executives stated the acquisition will deepen expertise, accelerate innovation, and broaden capabilities by adding complementary products and technologies to better serve customers.IacgroupBuilding a Sustainable Business for a Sustainable FutureThe article serves as a promotional overview of IAC Group, highlighting its role as a global supplier of automotive components and systems focused on sustainability and innovation. It outlines the company's commitment to environmental responsibility and social impact within the mobility sector.The Times of IndiaTata Autocomp to acquire International Automotive Components Group Sweden - The Economic TimesTata AutoComp Systems Ltd announced the acquisition of International Automotive Components Group Sweden AB to strengthen its presence in Europe's automotive sector. IAC Sweden has a turnover of approximately USD 800 million and manufactures interior systems and components for the automotive industry. The transaction, subject to European regulatory approvals, will allow Tata AutoComp to leverage advanced manufacturing capabilities, cutting-edge technology, and established customer relationships with European OEMs in both passenger and commercial vehicle segments.citybizIAC Group Appoints Larry Vano As Chief Procurement OfficerIAC Group appointed Larry Vano as its new Chief Procurement Officer to lead strategic sourcing and operational efficiency initiatives. This executive move is part of the company's strategy to drive growth and enhance profitability within its global automotive components supply chain.