Mumbai: Tata Motors announced on Monday that it has acquired 80 per cent stake in Trilix Srl, Turin, an Italian design and engineering company, for 1.85 million euros.
The acquisition is in line with Tata Motors' objective to enhance its styling and design capabilities to global standards, a spokesman said.
The remaining 20 per cent stake is equally held by the Italian company's promoters Bryn Jones, Federico Muzio and Justyn Norek, the spokesman said.
Trilix Srl offers design and engineering services in the automotive sector, specifically related to styling, architecture, packaging, surfacing, macro and micro feasibility, and detailed engineering development.
Besides, it offers services like physical models and manufacturing process feasibility.
Over the years, Trilix Srl has developed a strong understanding of the Tata branch and enjoys excellent working relationship with the Indian automobile major in several projects, the spokesman said.
Last year, Trilix Srl notched a turnover of 4 million euros with an earnings before interest, taxes, depreciation, and amortisation of 540,000 euros and profit after tax of 250,000 euros.
Tata Motors is India's largest automobile company, with consolidated revenues of Rs.92,519 crore ($20 billion) in 2009-10.