Leading global law firm, Baker McKenzie, has advised Tata Autocomp Systems Limited (TACO), a leading Indian automotive components manufacturer, on its majority acquisition of Artifex Interior Systems Limited (formerly known as IAC UK) (Artifex). Artifex, with revenue of GBP 296 million (FY25), was formerly a wholly owned subsidiary of Jaguar Land Rover Limited, which is part of Tata Motors Ltd.
Artifex offers cutting-edge automotive innovation in interior systems and automotive components. With this acquisition, TACO consolidates its position as one of India's largest automotive component manufacturers, strengthens its presence in Europe's automotive sector, and further establishes itself as an integral part of the supply chain for Jaguar Land Rover vehicles.
The Baker McKenzie team was led by London Corporate Partner Ash Tiwari and Associate Priya Shah, with support from Associates Ambrose Teo and Eli Clinton-Davis and Trainee Samuel Trevor. Specialist banking advice was provided by Finance Partner, Anthony Kay. Tax advice was provided by Tax Partners Alistair Craig and Matt Legg and Senior Associate Taras Varava. Competition Partner Luis Gomez and Associate Zareenah Rasool advised on the merger control aspects of the transaction.
Commenting on the transaction, London Corporate Partner Ash Tiwari, said: "It has been a pleasure to support the TACO team on this strategically important transaction which expands TACO’s global footprint and expertise in automotive interior systems. Advising on the structure and negotiation of the deal terms in a short timeframe showcased the very best of Baker McKenzie’s capabilities, and demonstrated the value we can add when we are able to work in close alignment with our clients and their other advisers from day one.”
Artifex offers cutting-edge automotive innovation in interior systems and automotive components. With this acquisition, TACO consolidates its position as one of India's largest automotive component manufacturers, strengthens its presence in Europe's automotive sector, and further establishes itself as an integral part of the supply chain for Jaguar Land Rover vehicles.
The Baker McKenzie team was led by London Corporate Partner Ash Tiwari and Associate Priya Shah, with support from Associates Ambrose Teo and Eli Clinton-Davis and Trainee Samuel Trevor. Specialist banking advice was provided by Finance Partner, Anthony Kay. Tax advice was provided by Tax Partners Alistair Craig and Matt Legg and Senior Associate Taras Varava. Competition Partner Luis Gomez and Associate Zareenah Rasool advised on the merger control aspects of the transaction.
Commenting on the transaction, London Corporate Partner Ash Tiwari, said: "It has been a pleasure to support the TACO team on this strategically important transaction which expands TACO’s global footprint and expertise in automotive interior systems. Advising on the structure and negotiation of the deal terms in a short timeframe showcased the very best of Baker McKenzie’s capabilities, and demonstrated the value we can add when we are able to work in close alignment with our clients and their other advisers from day one.”
Explore Our Newsroom