Joint Venture5 Jun 2024, 09:43 pm
KPIT Technologies Completes Euro 4.5 Million Investment in Qorix GmbH, a World-Class Automotive Middleware Stack Creator
AI Summary
KPIT Technologies Ltd, a leading global technology company, has completed its Euro 4.5 million investment towards the equity contribution in Qorix GmbH, a wholly-owned subsidiary focused on creating a world-class automotive middleware stack. The investment was made as per the terms of the Joint Venture Investment Agreement with ZF Friedrichshafen AG. KPIT has also transferred relevant Intellectual Property Rights (IP’s) to Qorix GmbH as per applicable regulatory norms.
Key Highlights
- Completion of Euro 4.5 million investment in Qorix GmbH
- Transfer of Intellectual Property Rights (IP’s) to Qorix GmbH
- Qorix GmbH is a wholly-owned subsidiary of KPIT Technologies Ltd
- Focused on creating a world-class automotive middleware stack
- Investment made as per the terms of the Joint Venture Investment Agreement with ZF Friedrichshafen AG