Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) a Bengaluru, India-based company which specializes in digital services and consulting, announced a definitive agreement to acquire in-tech, a Munich, Germany-based engineering R&D services provider focused on German automotive industry.
The amount of the deal was not disclosed. The acquisition is expected to close during the first half of fiscal 2025, subject to customary closing conditions and regulatory approvals.
With the acquisitions, Infosys will expand its offerings.
Founded in 2002 and led by CEO Tobias Wagner, in-tech is an engineering R&D services provider with experise in the automotive, rail transport and smart industry sectors. The firm develops solutions in e-mobility, connected and autonomous driving, electric vehicles (EV’s), off-road vehicles and railroad and its offerings include system design, methodical consulting, advanced electronics platform development and validation of automotive specific software and hardware systems, infotainment, and experience validation.
in-tech brings to Infosys German original equipment manufacturers (OEMs) deep client relationships, and an extensive industry expertise with a multidisciplinary team of 2200 people across locations in Germany, Austria, China, UK, and nearshore locations in Czech Republic, Romania, Spain, and India.
FinSMEs
22/04/2024