Top 5 acquisitions by Tata Group
The Tata group no longer presents itself because its impressive success spanning the years has left an indelible mark. The conglomerate has a number of companies under its fold, and its acquisitions over the years, some of them quite large and notable, have helped bolster growth and accelerate the company’s progress. In fact, Tata Group has an impressive list of global acquisitions like Jaguar and Land Rover, and many more. And it seems that the conglomerate is far from stopping since each acquisition acts as a powerful catalyst for the next one. Let’s take a look at the words of Ratan Tata, the Chairman of the Tata Group,
“A journey that began long ago is accelerating. From IT and tea to automobiles and steel, Tata’s businesses are spreading their wings to find a place in the global sun.
It will not be overstated that the Tata Group, with its laudable growth trajectory, is indeed flying close to the sun and exuding resounding success. Here are some major acquisitions made by the conglomerate over the past few years that have been highly beneficial in accelerating the company’s growth strategy and bringing it to the fore. Read on to find out more.
In 2007, Tata Steel acquired the Anglo-Dutch steelmaker Corus. The deal was done for a colossal sum of $12 billion, making it India’s largest ever takeover of a foreign company. The deal paid off, making the conglomerate the fifth-largest producer of the commodity. The previous year, Tata Steel also acquired Singapore-based NatSteel in a deal worth $421 million.
In 2000, British tea giant Tetley was acquired by Tata Tea. The deal was signed for $407 million. During this period, it was one of the largest transactions of this magnitude in the country. Tata Tea was looking for more such acquisitions to achieve its goal of becoming a global tea brand.
Germany-based Weidinger was acquired by Tata Autocomp Systems last year in a deal worth $7 million. Tata Autocomp Systems has reputable names like General Motors, Toyota and Ford in its client list. The deal was struck to further enhance the growth trajectory of the already successful business and it would not be an exaggeration to say that the acquisition will be quite beneficial in furthering growth and progress.
4. Big Basket
In 2021, an announcement was made by Tata Digital regarding the acquisition of a majority stake in BigBasket, the online grocery store that has its own laudable consumer base. The operation was indeed a milestone since it provided the conglomerate with the necessary arsenal to compete with e-commerce players. Although financial details of the deal have not been disclosed to the public, regulatory filings show that Tata Digital has acquired a 64% stake in the company.
5.Jaguars and Land Rovers
This was one of the major and revolutionary acquisitions of the conglomerate. The Jaguar Land Rover business was acquired by Tata Motors from Ford Motor Company in 2008. The deal was done for a whopping $2.3 billion. The acquisition of two iconic brands with global growth potential further illustrated the conglomerate’s scope for growth and progress.