KPIT acquires Caresoft Global's engineering solutions biz to strengthen mobility offerings
KPIT Technologies
has announced the acquisition of the engineering solutions business of
Caresoft Global
, a firm known for its
automotive benchmarking
and
cost-reduction-driven engineering capabilities
. The move is aimed at supporting global original equipment manufacturers (OEMs) with integrated solutions spanning
vehicle software
, hardware design, and manufacturing.
Caresoft Global will restructure into three independent business units: Benchmarking, Technology Optimisation & Cost Reduction Engineering; Engineering Talent Solutions; and Engineering Solutions. KPIT is acquiring the last of these, which includes operations across global markets.
Commercial vehicle segment and China entry
The acquisition is aligned with KPIT's strategic focus on the commercial vehicle segment, especially trucks and off-highway applications. The company will gain access to Caresoft's existing relationships and domain knowledge in this area. KPIT also expects the deal to support its expansion into China by leveraging Caresoft's longstanding presence and understanding of Chinese OEMs, suppliers, and New Energy Vehicle (NEV) players, the company said in a media release.
A significant area of value creation is expected in cost reduction for vehicle development. Caresoft has a background in cost benchmarking and teardown of vehicle components across multiple models, which KPIT will now utilise to support OEMs in reducing development costs in passenger cars, trucks, and off-highway segments.
Manufacturing engineering
KPIT will add capabilities in manufacturing and industrial engineering, including plant layout planning and assembly line optimisation. These services aim to assist OEMs in making decisions earlier in the vehicle development process, integrating product and factory design.
Kishor Patil, Co-founder, CEO and MD, KPIT Technologies, said, 'At KPIT, we are deepening relationships with trucks and off-highway makers and accelerating foray into China. Also, OEMs across segments are looking for a partner who can bring more agility and cost efficiency by taking an integrated view of software, hardware, and manufacturing. With Caresoft's strong expertise, we have a strategic partnership which will bring unparalleled value to the mobility ecosystem.'
Mathew Vachaparampil, CEO, Caresoft Global, added, 'This milestone reflects more than growth. It honours our shared values with KPIT: being relentlessly customer-centric and caring deeply for our people. We will jointly deliver more value to our automotive customers in terms of technology, cost, and speed to market.'
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