Acquisitions6 May 2026, 01:38 pm
KPIT Acquires Strategic Stake in Cybersecurity Firm Cymotive
AI Summary
KPIT Technologies Ltd has acquired a strategic stake in Cymotive Technologies LTD, an Israeli automotive cybersecurity specialist. The acquisition aligns with KPIT's strategy to enhance its AI solutions and strengthen its capabilities in automotive cybersecurity. Cymotive's offerings include Cybersecurity Management System (CSMS), Automated security & penetration testing (CyClarity), Vulnerability management (CarAlert), and Intrusion Detection Systems (IDS). The board also approved audited financial results and recommended a final dividend of ₹5.25 per share.
Key Highlights
- KPIT acquires a strategic stake in Cymotive Technologies, an automotive cybersecurity firm.
- The acquisition enhances KPIT's AI solutions and cybersecurity capabilities for global OEMs.
- KPIT Board approved audited financial results for the year ended March 31, 2026.
- A final dividend of ₹5.25 per share was recommended for FY 2025-26.
- Cymotive's turnover for CY2025 was USD 19.2 Million.