Tata Technologies to buy UK's INCAT for 53 mln stg

Newswire

LONDON, Aug 18 (Reuters) - India's top vehicle maker Tata Motors Ltd said on Thursday its Tata Technologies unit had agreed to buy UK engineering and design services company INCAT Technologies Inc for around 53.4 million pounds ($97 million). Tata Technologies, which will pay 220 pence a share in cash for INCAT, said it had received undertaking from shareholders owning 35.9 percent of the UK firm's share capital. "The acquisition will give Tata Technologies greater scale and stronger ...

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