Updated:
May 06, 2025 10:34
Image Source: www.caresoftglobal.com
KPIT Technologies has given a go-ahead to the buyout of engineering solutions business of Caresoft Global for $191 million as its big leap forward to assert leadership in global automotive software and mobility solutions segment.
KPIT Technologies, a premier software integration partner to automotive and mobility businesses, is acquiring Caresoft Global's engineering solutions business. This strategic buy is to strengthen KPIT's offerings in end-to-end solutions for software-defined vehicles and next-generation mobility.
Deal Overview
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KPIT Technologies will be acquiring Caresoft Global's global engineering solutions business for $191 million.
-
The acquisition is likely to strengthen KPIT's business in automotive engineering and digital transformation.
Strategic Rationale
-
The acquisition enhances KPIT's leadership as a global mobility OEMs' partner offering sophisticated engineering and software solutions.
-
The acquisition aligns with KPIT's mission to assist OEMs in cutting costs, streamlining vehicle development, and enriching consumer experiences.
Business Impact
-
KPIT's enlarged portfolio will comprise exhaustive validation suites, reference architecture platforms next-generation, and in-cabin experiences for cars.
-
The combined expertise is expected to yield significant savings (30%+ cost reduction) and expedited time-to-market for automotive customers.
Leadership Commentary
-
KPIT CEO Kishor Patil underlined the necessity to respond to evolving industry conditions at high speed and mobilize global capabilities to drive business impact.
-
CTO Anup Sable underlined the necessity to revolutionize E/E architecture and software-driven domain application to drive business value for OEMs.
Market Position
KPIT Technologies is known as a worldwide market leader in software-defined vehicle projects, with centers of engineering throughout Europe, the USA, Japan, China, Thailand, and India.
The deal further positions KPIT at the forefront in the emerging mobility ecosystem, in support of cleaner, smarter, and safer auto technologies.
Sources: NDTV Profit, PR Newswire, KPIT Technologies Official Newsroom
KPIT Technologies has given a go-ahead to the buyout of engineering solutions business of Caresoft Global for $191 million as its big leap forward to assert leadership in global automotive software and mobility solutions segment.
KPIT Technologies, a premier software integration partner to automotive and mobility businesses, is acquiring Caresoft Global's engineering solutions business. This strategic buy is to strengthen KPIT's offerings in end-to-end solutions for software-defined vehicles and next-generation mobility.
Deal Overview
-
KPIT Technologies will be acquiring Caresoft Global's global engineering solutions business for $191 million.
-
The acquisition is likely to strengthen KPIT's business in automotive engineering and digital transformation.
Strategic Rationale
-
The acquisition enhances KPIT's leadership as a global mobility OEMs' partner offering sophisticated engineering and software solutions.
-
The acquisition aligns with KPIT's mission to assist OEMs in cutting costs, streamlining vehicle development, and enriching consumer experiences.
Business Impact
-
KPIT's enlarged portfolio will comprise exhaustive validation suites, reference architecture platforms next-generation, and in-cabin experiences for cars.
-
The combined expertise is expected to yield significant savings (30%+ cost reduction) and expedited time-to-market for automotive customers.
Leadership Commentary
-
KPIT CEO Kishor Patil underlined the necessity to respond to evolving industry conditions at high speed and mobilize global capabilities to drive business impact.
-
CTO Anup Sable underlined the necessity to revolutionize E/E architecture and software-driven domain application to drive business value for OEMs.
Market Position
KPIT Technologies is known as a worldwide market leader in software-defined vehicle projects, with centers of engineering throughout Europe, the USA, Japan, China, Thailand, and India.
The deal further positions KPIT at the forefront in the emerging mobility ecosystem, in support of cleaner, smarter, and safer auto technologies.
Sources: NDTV Profit, PR Newswire, KPIT Technologies Official Newsroom
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