Munich, Germany & Pune, Maharashtra, India:
Technica Engineering is headquartered in Munich and has a presence in Spain, Tunisia, and the USA, with a staff of 600+ engineers.
The deal is predicted to be closed by the finish of October 2022, put up success of customary closing situations, and at the finish of it, Technica Engineering can be totally owned by KPIT Technologies. The deal can be EPS accretive upon consolidation.
“Mobility industry is using software to drive innovation and is creating a post-vehicle sale business model driven by delivering services to end consumers. We are constantly looking for possibilities to help accelerate our client’s vision. With Technica Engineering, we will strengthen value and scale of operations across the stack. We have common strategic clients who will benefit, and we also get access to leading disruptor mobility tech companies,” stated Mr. Kishor Patil, Co-founder, CEO and MD of KPIT Technologies.
“SDV demands a significant change in the electronics architecture moving from distributed-low-compute devices to central-high-compute. Rapid prototyping of high-compute hardware and vehicle architecture is critical to validate changes in architecture as the industry makes this transition. Together we will offer a one-stop shop for the industry to migrate rapidly towards SDV by speeding up prototyping and software access and reducing workflow complexities for clients,” stated Mr. Anup Sable, CTO at KPIT Technologies.
“For the last 14 years, Technica has built a team passionate about cutting-edge tech in network architecture and system prototyping. A partner with a vision and value match was crucial to scale and create leadership in this space. We are delighted to find that in KPIT. We are confident that together we will play a key role in shaping the future of the mobility industry,” stated Mr. Joseba Rodriguez Martinez, CEO of Technica Engineering.
“Integration boundaries between system architecture, hardware, and middleware software are getting blurred. Our goal is to create production-ready system prototyping, network designs, communication drivers, tooling, and testing solutions that redefine the industry benchmark. The power of software competence of KPIT will make these solutions exponentially more valuable,” stated Mr. Thomas Königseder, CTO of Technica Engineering.
KPIT Technologies is a world associate to the automotive and Mobility ecosystem for making software-defined autos a actuality. It is a number one unbiased software program growth and integration associate serving to mobility leapfrog in direction of a clear, sensible, and secure future. With 10000+ automobelievers throughout the globe specializing in embedded software program, AI, and digital options, KPIT accelerates its shoppers’ implementation of next-generation applied sciences for the future mobility roadmap. With engineering facilities in Europe, the USA, Japan, China, Thailand, and India, KPIT works with leaders in automotive and Mobility and is current the place the ecosystem is remodeling.
To know extra, go to https://www.kpit.com/
KPIT Newsroom and Media sources middle: https://www.kpit.com/newsroom/
About Technica Engineering
Technica Engineering is accelerating the innovation course of in the automotive ecosystem with a holistic expertise help: Covering the electrical and digital car structure from design to validation.
Technica Engineering makes a speciality of production-ready system prototyping that covers points of system structure, communication, prototyping and integration. This is complemented by main merchandise for automotive ethernet and validation. Technica Engineering is headquartered in Munich and has places in Spain, Tunisia, and the USA, with a staff of 600+ engineers.
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Mohit Kochar (Global Head, Marketing), KPIT Technologies, [email protected]
Sunil Ravish (Director, Marketing | Media Relations), KPIT Technologies, [email protected]
Sunil Phansalkar (Head, Investor Relations), KPIT Technologies, [email protected]
Dr. Lars Voelker (Technical Fellow and Head, Media Relations), Technica Engineering, [email protected]
Thomas Königseder (CTO), Technica Engineering, [email protected]