Pune, India. 1st December 2016. KPIT (BSE: 532400; NSE: KPIT), a product engineering and IT consulting partner to Automotive, Manufacturing and Energy companies, announced today that it has completed an agreement to invest in a Germany headquartered Automotive Engineering services company.
The German company has over 20+ years of proven engineering expertise on Powertrain systems, Drivetrain Electronics. It has core expertise in the areas of Software development for E-Mobility, E/E Architecture, 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 around 150+ specialized engineers.
Speaking about the Partnership, 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”
About KPIT Technologies Ltd.
KPIT (BSE: 532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and LifeSciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient.