Acquisitions6 May 2025, 10:16 am
KPIT Technologies to Acquire Caresoft's Global Engineering Solutions Business in $191 Million Deal
AI Summary
KPIT Technologies Ltd. announced the outcome of its Board Meeting held on May 6, 2025, which included the approval of the 100% acquisition of Caresoft's Global Engineering Solutions Business for a total consideration of up to $191 million. This acquisition includes the carved-out Caresoft Engineering solutions business, which is primarily focused on Off-highway, Truck and Bus segments and Manufacturing Solutions. The acquisition is expected to strengthen KPIT's Vehicle Engineering & Design and Truck, Off-Highway offerings, and provide manufacturing engineering solutions for the mobility segment. The acquisition is also expected to be EPS accretive in the first year itself.
Key Highlights
- KPIT Technologies to acquire Caresoft's Global Engineering Solutions Business for up to $191 million
- The acquisition includes the carved-out Caresoft Engineering solutions business, primarily focused on Off-highway, Truck and Bus segments and Manufacturing Solutions
- The acquisition is expected to strengthen KPIT's Vehicle Engineering & Design and Truck, Off-Highway offerings
- The acquisition is also expected to be EPS accretive in the first year itself
- The acquisition will be completed over a period of 3 years, with the total consideration paid in one or more tranches in cash and/or equity shares