M&A

M&A

KPIT Tech acquires Caresoft’s Engineering Solutions business for $191-M

BSE Announcement   Company Announcement  

Publicly-listed KPIT Technologies is to acquire Caresoft Global's engineering solutions businesses spread across the United States, United Kingdom, Mexico and Italy for USD 191 million - which includes USD 25 million in milestone linked payments, payable over four years (either in cash or equity shares). The acquired business provides solutions to customers in the off-highway and truck and bus sectors globally.