Overview

• KPIT Technologies has completed the acquisition of Caresoft Global's Engineering Solutions business for $191 million, with additional variable earn-outs over four years.
• The acquisition supports KPIT's expansion into China and enhances its capabilities in trucks, off-highway, and mobility segments.
• Key Caresoft leaders, including President of Engineering Kalyan Nagarajan, will join KPIT to ensure leadership continuity and seamless integration.
• The combined entity will offer full vehicle cost reduction and manufacturing engineering solutions, delivering greater value to OEMs in terms of cost, technology, and speed to market.
• Caresoft Global will continue focusing on its benchmarking, technology optimization, and cost reduction services while partnering with KPIT for expanded opportunities in software benchmarking and downstream implementation.