KPIT Technologies Acquires 90% Stake in N-Dream AG for EURO 19.17 Million, Making it a Step-Down Subsidiary

KPIT Technologies Ltd has announced that it has acquired a 90% stake in N-Dream AG, a Cloud based Game Aggregation Platform company based in Switzerland, through its wholly owned subsidiary, KPIT Technologies (UK) Limited. The acquisition was made for a consideration of EURO 19.17 million. This strategic investment 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. Both parties will collaborate towards offering value-added data products for Automotive OEMs, thereby enabling them to create additional monetizable experiences & features. N-Dream has become a step-down subsidiary of the Company.