Tata Tech shares soars nearly 3% on signing agreement to acquire 100% stake in German ES-Tec Group for ₹776 crore

Shares of Tata Technologies surged 2.66% to an intra-day high of ₹720.75 apiece on the National Stock Exchange (NSE) on Monday, September 15.

This comes after the company announced that it signed a definitive agreement to acquire a 100% stake in ES-Tec Group and its subsidiaries, via its wholly owned subsidiary, Tata Technologies Pte. Limited, Singapore, for 75 million euros, or somewhere over ₹776 crore.

Tata Tech stock was trading 1.16% higher at ₹710.25 per equity share, as of 10:10 am.

To be specific, the technology firm has entered into a definitive agreement to acquire a 100% stake in the Germany-based ES-Tech GmbH and its subsidiaries, collectively known as ES-Tec Group, from MW Beteiligungs GmbH, it said in a regulatory filing dated Saturday.

The cash consideration will be paid over the next two years and includes performance-based earn-outs.

Furthermore, the transaction is expected to be EPS accretive from the first full year of operation, the statement said.

“The acquisition of ES-Tec Group is a strategic leap that enhances our ability to deliver end-to-end product engineering solutions across the automotive value chain and represents our commitment to expand our global footprint in accessing innovative engineering capabilities,” Tata Technologies MD & CEO Warren Harris said.

“ES-Tec's technical depth, customer centricity, and regional strength align perfectly with our strategic vision to be the first partner choice for global OEMs navigating the shift towards intelligent, connected, and sustainable mobility,” Harris added.

Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a premium automotive engineering services provider with deep domain expertise in Driver Assistance Systems (ADAS), Connected Driving, and Digital Engineering, the statement said.

It has a talent pool of over 300 skilled professionals and has built a strong reputation for delivering complex systems engineering solutions to its customers, it added.

Commenting on the development, ES-Tec MD & CEO Marc Wille said, "Joining forces with Tata Technologies is a key step for the ES-Tec Group to extend the breadth and depth of capabilities and expand our international presence."

“Together, we are ready to take on the future challenges of the automotive industry – delivering real value for our customers through competitive pricing, outstanding quality, and faster development cycles. Our goal is clear: to drive the global automotive industry forward, and together with Tata Technologies, become a partner of choice for the mobility sector,” Wille added.

While the stock touched a year’s low of ₹432 on November 21, 2024, it reached a 52-week high of ₹681.55 per equity share almost a year earlier on September 16, 2024.

The company has a total market capitalisation of ₹28,828.83 crore, as of September 15, 2025, according to data on the NSE.