Product engineering and IT consulting firm KPIT announced that it has completed an agreement to invest in a Germany-headquartered automotive engineering services company. The details of the transaction were not shared.
The German company has over 20 years of proven engineering expertise in powertrain systems and drivetrain electronics. It has core expertise in the areas of sooftware development for E-Mobility, E/E Architecture, and end-to-end test and validation solutions for powertrain components. It has marque customers in Germany and expanding base in Europe and beyond. This partnership gives KPIT access to over 150 specialized engineers.
Kishor Patil, CEO & MD of KPIT Technologies said, “We are very excited about this partnership. Powertrain is our largest practice within Automotive Engineering and E-Mobility is a big focus as well as a growth area. With this partnership, we will be able to enhance and bring in next generation offerings in the key growth area of E-Mobility. This further strengthens our leadership position in the Automotive Engineering domain and bolsters our presence in Germany.”