Tata Technologies (TTL) has agreed to acquire a 100% stake in German automotive engineering services provider ES-Tec GmbH and its subsidiaries (collectively ES-Tec Group) for €75m ($87.9m) in cash. As per the agreed terms, TTL, a product engineering and digital services firm, will pay the consideration over the next two years. This is inclusive of performance-based earn-outs. TTL expects the transaction to be accretive to its earnings per share from the first full year post-acquisition. It also project ...