KPIT Technologies pays $40 million as first deferred consideration for Caresoft deal

 KPIT strengthens global footprint with Caresoft acquisition milestone  
KPIT Technologies [NSE: KPITTECH] announced that its UK unit has completed a $40 million payment towards the first deferred consideration for the acquisition of Caresoft Global entities across the USA, UK, Mexico, and Italy. The acquisition, finalized earlier this year, was renegotiated at a total value of up to $157 million, including a $15 million variable payout contingent on performance milestones.  

The company had previously paid $51 million as initial consideration, bringing total payments to $91 million so far. The acquisition enhances KPIT’s capabilities in cost optimization, engineering solutions, and full-vehicle benchmarking for commercial vehicles, passenger cars, and off-highway segments. Analysts view the deal as a strategic move to deepen KPIT’s presence in global automotive engineering and accelerate its growth in China and other emerging markets.  

Major takeaways  

• KPIT pays $40 million as first deferred consideration for Caresoft acquisition  
• Total deal value up to $157 million, including $15 million variable payout  
• $91 million paid so far, following $51 million initial consideration  
• Acquisition spans USA, UK, Mexico, and Italy operations  
• Strengthens KPIT’s automotive software and engineering solutions portfolio  

Sources: FilingReader, ScanX News, KPIT Technologies press release