KPIT Technologies Acquires 88.9% Stake in N-Dream for EURO 16.35 Million, Making it a Step-Down Subsidiary

KPIT Technologies Ltd, through its wholly owned subsidiary, KPIT Technologies (UK) Limited, has acquired a further stake of 62.9% in N-Dream AG, a Cloud based Game Aggregation Platform company based in Switzerland. This strategic investment takes KPIT group shareholdings to 88.9% in N-Dream at a consideration of EURO 16.35 million. The acquisition is part of KPIT’s roadmap to enable Automotive OEMs enhance the driver & passenger experience in the Cockpit of the Future. KPIT will offer complementary software integration & validation services to N-Dream’s Automotive clients, and both parties will collaborate towards offering value-added data products for Automotive OEMs.