Board of KPIT Technologies approves acquisition of Caresoft's engineering solutions biz

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;

' 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