At meeting held on 06 May 2025
The Board of KPIT Technologies at its meeting held on 06 May 2025 has approved the 100% acquisition of:
Caresoft Global Technologies, Inc.; United States of America
Caresoft Engineering Services Limited, United Kingdom;
CAREGLOTECH de RL de CV, Mexico;
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OXI SRL, Italy
Caresoft Global, a leader in automotive benchmarking and cost reduction oriented engineering solutions, will restructure their business into Benchmarking and Engineering solutions businesses. KPIT will acquire the carved-out Caresoft Engineering solutions business globally which is primarily focused Off-highway, Truck and Bus segments and Manufacturing Solutions. KPIT will partner with Caresoft in their Benchmarking business..
In line with KPITs strategic focus on commercial vehicle segment, this partnership will acquire:
Caresofts' deep relationships and domain knowledge in trucks and Off highway segments;
Accelerate KPITs foray into China;
Ramp up value creation through full vehicle cost reduction solutions for passenger car, trucks and off highway segments; and
Provide manufacturing engineering solutions for mobility segment
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