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KPIT Technologies forms strategic partnership with German Automotive Engineering Services Company

Capital Market 

Fixed consideration for strategic stake is Euro 9.3 million apart from variable consideration

KPIT Technologies announced that it has completed agreement for a strategic partnership in a Germany headquartered Automotive Engineering Services Company, MicroFuzzy. The fixed consideration will be Euro 9.3 million. The total consideration will include variable consideration, which is based on achievement of certain financial parameters over the next 4 years.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 10:38 IST
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