The Tata Group

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Tata Group's overseas takeovers

[ 20 Oct, 2006 1554hrs IST PTI ]

Snapshot of Tata Group's takeovers abroad NEW DELHI: Tata Steel's successful move to acquire its much bigger rival Corus Group is the latest in a series of takeovers abroad executed by India's largest and one of the oldest corporate groups.

The acquisitions have meant that 30 per cent of the group's revenues today come from overseas operations.

Following are the major acquisitions by Tata Group companies in the past few years:

• Tata Tea acquires 30% in US' Glaceau (Energy Brands) in August 2006 for $677 mn

• Tata Tea buys 33 per cent in South African tea company Joekels through its subsidiary Tetley Group

• Tata Tea acquires US-based Eight'O clock coffee company for $220 mn (Rs 1,050 cr) in June 2006
• Tata Chemicals picks 63.5% in UK's Brunner Mond Group for Rs 508 crore in December 2005
• Tata Steel acquires Millennium Steel of Thailand in December 2005 for $404 mn (Rs 1,800 crore)
• TCS buys out Chilean BPO firm Comicorn for $23 mn (Rs 107.02 crore) in November 2005
• TCS acquires Sydney-based FNS in October 2005
• Tata Technologies purchases INCAT International, UK in October 2005 for $91 mn (Rs 411 crore)
• Tata Tea acquires Good Earth Corp in October 2005 for around $32 mn
• Tata Auto Comp (TACO) takes over German auto components maker Wundsch Weidinger
• VSNL acquires Teleglobe International in July 2005 for $239 mn
• Tata Steel buys Singapore's NatSteel in August 2004 for over Rs 1,300 crore.
• VSNL takes over Tyco Global Network for $150 mn (Rs 690 crore)
• Tata Chemical acquires Moroccan company Indo-Maroc Phosphore for Rs 166 crore
• Tata Motors picks 21% stake in Spain's Hispano Carrocera for Rs 70 crore
• Tata Tea buys Tetley, UK in February 2000 for Rs 1,870 crore
• Tata Motors takes over Daewoo Commercial Vehicle Company of Korea in March 2004 for Rs 459 crore.