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HCLTech acquires German autonomous driving tech firm for $279 million

The acquisition will help the IT services firm strengthen its capabilities in autonomous driving, e-mobility and connectivity; and expand into key automotive markets in Europe, Americas and Japan.

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HCLTech Acquires German Automotive Engineering Firm ASAP For $279 Million: Key Points

Information Technology behemoth HCLTech has acquired a 100 per cent equity stake in German automotive engineering services provider ASAP Group, said a company filing. This acquisition will help the IT company gather momentum in areas such as autonomous driving, e-mobility and connectivity; and expand into key automotive markets in Europe, America and Japan.

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HCL Tech to acquire German auto tech company ASAP for over Rs 2,200 crore

HCL Tech to acquire German auto tech company ASAP for over Rs 2,200 crore
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HCLTech to acquire German automotive engineering firm ASAP Group for €251 1 million

HCLTech to acquire German automotive engineering firm ASAP Group for €251 1 million
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Latest News | HCLTech to Acquire German E-mobility Tech Provider for About Rs 2,300 Cr

Get latest articles and stories on Latest News at LatestLY. HCL Technologies has signed a definitive agreement to acquire 100 per cent stake in ASAP Group, a German automotive engineering services provider, for EUR 251.1 million (about Rs 2,300 crore), according to a BSE filing. Latest News | HCLTech to Acquire German E-mobility Tech Provider for About Rs 2,300 Cr.

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