KPIT Technologies share price surged as much as 1.4 per cent in Tuesday’s trading session after the company announced 100 per cent acquisition of Caresoft’s Global Engineering Solutions.
At 10:45 am, KPIT Technologies shares were trading at ₹1,267 apiece. The stock had opened in red, falling over 1.6 per cent in early trade, however, recovered quickly turning in green.
KPIT Technologies stock has gained over 6 per cent in past five trading sessions and over 18.22 per cent in over a month.
KPIT Technologies acquisition details
“We hereby inform that, the Board of Directors at its meeting held on May 06, 2025, has approved the 100% acquisition of – Caresoft Global Technologies, Inc.; United States of America, Caresoft Engineering Services Limited, United Kingdom; CAREGLOTECH de RL de CV, Mexico; OXI SRL, Italy,” the company said in an exchange filing.
“Caresoft Global, a leader in automotive benchmarking and cost reduction oriented engineering solutions, will restructure their business into Benchmarking and Engineering solutions businesses. KPIT will acquire the carved-out Caresoft Engineering solutions business globally which is primarily focused Off-highway, Truck and Bus segments and Manufacturing Solutions. KPIT will partner with Caresoft in their Benchmarking business,” it added.
KPIT will acquire the carved-out Caresoft Global’s Engineering Solutions business globally. Aligned with the needs of Global OEMs and KPIT’s goals, this partnership will create multi-dimensional synergies:
In line with KPIT’s strategic focus on the commercial vehicle segment, this partnership will acquire Caresoft’s deep relationships and domain knowledge in the Trucks and Off-highway segments.
“ At KPIT, we are deepening relationships with trucks and off-highway makers and accelerating foray into China. Also, OEMs across segments are looking for a partner who can bring more agility and cost efficiency by taking an integrated view of software, hardware, and manufacturing. With Caresoft’s strong expertise, we have a strategic partnership which will bring unparalleled value to the mobility ecosystem,” said Kishor Patil, Cofounder, CEO & MD, KPIT Technologies.
KPIT Technologies is a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality. It is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future.
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