Live Breaking News & Updates on A Global No 1 Software Integration Partner For The Automotive Amp Mobility Industry

Pune (Maharashtra) [India]/Munich [Germany], September 21 (ANI/BusinessWire India): KPIT Technologies, a Global No.1 software integration partner for the automotive & mobility industry, announced the acquisition of Technica Engineering, a company specializing in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products, and tools for validation. This will create across-the-stack expertise offering a one-stop shop for the industry to transform towards SDV. Technica Engineering is headquartered in Munich and has a presence in Spain, Tunisia, and the USA, with a team of 600+ engineers. The deal is expected to be closed by the end of October 2022, post fulfillment of customary closing conditions, and at the end of it, Technica Engineering will be fully owned by KPIT Technologies. The deal will be EPS accretive upon consolidation. "Mobility industry is using software to drive innovation and is c ....

United States , Thomas Konigseder , Joseba Rodriguez Martinez , Kishor Patil , Businesswire India , Technica Engineering , Anup Sable , Pune Maharashtra India Munich Germany , Eptember 21 Ani Businesswire India Kpit Technologies , A Global No 1 Software Integration Partner For The Automotive Amp Mobility Industry , Nnounced The Acquisition Of Technica Engineering , A Company Specializing In Production Ready System Prototyping Combination Of Network Architecture , Ardware Prototyping , Integration , Utomotive Ethernet Products , Nd Tools For Validation This Will Create Across The Stack Expertise Offeringa One Stop Shop Industry To Transform Towards Sdv Technica Engineering Is Headquartered In Munich And Hasa Presence Spain , And The Usa , Itha Team Of 600 Engineers The Deal Is Expected To Be Closed By End October 2022 , Ost Fulfillment Of Customary Closing Conditions , Nd At The End Of It , Echnica Engineering Will Be Fully Owned By Kpit Technologies The Deal Eps Accretive Upon Consolidation Quot Mobility Industry Is Using Software To Drive Innovation And Creatinga Post Vehicle Sale Business Model Driven Delivering Services End Consumers We Are Constantly Looking For Possibilities Help Accelerate Our Client 39s Vision With Technica , E Will Strengthen Value And Scale Of Operations Across The Stack We Have Common Strategic Clients Who Benefit , Nd We Also Get Access To Leading Disruptor Mobility Tech Companies , Uot Said Kishor Patil , Co Founder , Eo And Md Of Kpit Technologies Quot Sdv Demandsa Significant Change In The Electronics Architecture Moving From Distributed Low Compute Devices To Central High Rapid Prototyping Hardware Vehicle Is Critical Validate Changes As Industry Makes This Transition Together We Will Offera One Stop Shop For Migrate Rapidly Towards By Speeding Up Software Access Reducing Workflow Complexities Clients ,