April 29, 2013

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Article

Tata Acquires Cambric Corporation

Press Release

April 29, 2013

Salt Lake City — Tata Technologies, a provider of engineering services and manufacturing enterprise IT, has signed definitive agreements for the acquisition of Salt Lake City-based Cambric Corporation, an engineering services company that provides turnkey engineering services. The partnership will strengthen Tata Technologies’ global footprint provide Cambric access to the Asia Pacific region.

Cambric is a global engineering services company with a significant footprint in Eastern Europe. The company has three development centers in Romania, and its customers include sheavy machinery, agricultural, off-highway and automotive companies. Cambric provides system level engineering and design capabilities in engine, powertrain, chassis/structures, body, electrical and hydraulic systems. Cambric is a privately held company with private equity investors holding majority stake in the company.  

“Cambric gives our customers in the construction and heavy equipment, as well as in the auto sector, access to specialists in this field as well as an access to Cambric’s powertrain expertise,” said Patrick McGoldrick, managing director and CEO of Tata Technologies. “Additionally, Cambric’s customers will have access to Tata Technologies’ footprint in Asia Pacific and complementary capabilities including embedded systems, enterprise IT and extensive automotive domain experience.”

Tim Hayes, CEO of Cambric, said, “We are excited to become a part of Tata Technologies ambitious growth strategy and look forward to providing our customers the added breadth, depth and global footprint that the combined entity provides.”

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