KPIT Technologies has purchased Caresoft Global’s engineering solutions business.
The addition of the former Caresoft Global unit will strengthen KPIT’s commercial vehicle vertical “by combining Caresoft’s deep relationships and domain knowledge in trucks and off-highway segments,” KPIT said.
KPIT said that the acquisition will “ramp up value creation through full vehicle cost reduction solutions for passenger cars, trucks and off-highway segments.” It also said that the deal will bring in new capabilities in areas such as manufacturing and industrial engineering, plant layout planning and assembly line optimization for the mobility ecosystem.
“At KPIT, we are deepening relationships with trucks and off-highway makers and accelerating our foray into China,” said Kishir Pattill, the CEO and co-founder of KPIT.
“OEMs need to look at vehicle software, hardware design and manufacturing in an integrated manner to drive speed and innovation while substantially reducing costs,” KPIT said, adding that “a strategic partnership that can bring this integrated view did not exist until now.”
Meanwhile, Caresoft Global announced plans to reorganize its operations—now minus its engineering solutions business—into three business units: Benchmarking, Technology Optimization & Cost Reduction Engineering; Engineering Talent Solutions; and Engineering Solutions.
Source: KPIT Technologies
