Schedule a Call Back
Hinduja Tech Limited (HT), a mobility-focused global engineering R&D services company and a subsidiary of AshokLeyland, the Indian flagship of the multi-billion dollar conglomerate the Hinduja Group, today announced the signing of a definitive agreement to acquireTECOSIM Group. This strategic acquisition broadens Hinduja Tech's presence in the European and international markets and solidifies its position as a leading provider of mobility engineering services worldwide. The company gains a strategic foothold in Europe, expanding its geographic reach and gaining access to key customer accounts. With TECOSIM, Hinduja Tech strengthens its global delivery footprint with enhanced capabilities and strengthened regional delivery centres for European customers with a near-shore delivery offering.
The acquisition significantly enhances Hinduja Tech's capabilities and market reach. The TECOSIM Group, with over 650 employees, brings a wealth of expertise and innovative solutions to the table, solidifying Hinduja Tech's position as a key player in the engineering services sector.
Kumar Prabhas, CEO, Hinduja Tech Limited, said, "We are delighted to have TECOSIM Group join the Hinduja Tech family. This acquisition aligns with our strategic goal to become a global leader in mobility engineering services. TECOSIM's technological prowess and market presence in Europe will greatly enhance our capabilities, allowing us to better serve our clients with innovative and sustainable solutions. We look forward to working with the team."
Udo Jankowski, Managing Director, TECOSIM Group, said, "Joining forces with Hinduja Tech is an exciting milestone for TECOSIM. We are eager to leverage Hinduja Tech's core competencies and industry knowledge to drive growth and deliver unmatched value to our clients. This collaboration will enable us to identify new opportunities and expand our global presence."
The acquisition is anticipated to close in the upcoming months, pending regulatory approvals. After completion, Hinduja Tech and TECOSIM will initiate the integration process to merge their resources and strengths smoothly. The organisations intend to establish a unified brand strategy that embodies their shared vision and dedication to providing superior technical services.
The former acquisition of Drive System Design (DSD) in December 2022 propelled Hinduja Tech to offer best-in-class e-mobility solutions for global markets. Continuing the growth trajectory, with the acquisition of the TECOSIM Group, Hinduja Tech is set to elevate its service offerings by seamlessly integrating TECOSIM's advanced engineering expertise into its existing portfolio. This strategic collaboration will allow them to provide comprehensive, end-to-end solutions, especially in computer- aided engineering and simulation. The customers can look forward to enhanced service efficiency, access to a wider range of innovative engineering solutions, and an overall improved experience. This move not only strengthens their global presence but also reaffirms their commitment to delivering cutting-edge technologies and exceptional service.
The organisations intend to establish a unified brand strategy that embodies their shared vision and dedication to providing superior technical services.
Read moreThe inauguration of the Aptiv Technical Center in Pune was marked by a gathering of Aptiv employees, global and regional leadership, celebrating the grand 66,572 square-foot facility situated in Raj..
Read moreDEP’s new office - the company’s ninth office globally - gives DEP a formidable advantage in its strategic positioning to address the demand of emerging markets
Read moreTata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
Hi There!
Now get regular updates from IPF Magazine on WhatsApp!
Click on link below, message us with a simple hi, and SAVE our number
You will have subscribed to our Industrial News on Whatsapp! Enjoy
Schedule a Call Back