Hinduja Tech Restricted, a subsidiary of Ashok Leyland and a part of the Hinduja Group, has signed a definitive settlement to amass TECOSIM Group. This strategic acquisition goals to reinforce Hinduja Tech’s world presence and capabilities, particularly within the European and worldwide markets. The deal, which is anticipated to shut within the coming months pending regulatory approvals, will merge the sources and strengths of each firms to offer superior technical companies.Hinduja Tech is targeted on increasing its mobility engineering companies worldwide. The acquisition of TECOSIM Group, which employs over 650 individuals, will give Hinduja Tech a major foothold in Europe. This transfer is meant to broaden the corporate’s geographic attain and supply entry to key buyer accounts within the area.
Kumar Prabhas, CEO of Hinduja Tech Restricted, acknowledged, “We’re delighted to have TECOSIM Group be part of the Hinduja Tech household. This acquisition aligns with our strategic purpose to change into a world chief in mobility engineering companies. TECOSIM’s technological prowess and market presence in Europe will tremendously improve our capabilities, permitting us to raised serve our shoppers with progressive and sustainable options. We stay up for working with the crew.”
The acquisition will even bolster Hinduja Tech’s world supply footprint, providing enhanced capabilities and strengthened regional supply facilities for European clients. The mixing of TECOSIM’s superior engineering experience will additional elevate Hinduja Tech’s service choices, notably in computer-aided engineering and simulation.
Udo Jankowski, Managing Director of the TECOSIM Group, expressed his enthusiasm, “Becoming a member of forces with Hinduja Tech is an thrilling milestone for TECOSIM. We’re wanting to leverage Hinduja Tech’s core competencies and trade information to drive progress and ship unmatched worth to our shoppers. This collaboration will allow us to establish new alternatives and develop our world presence.”
The acquisition follows Hinduja Tech’s earlier acquisition of Drive System Design (DSD) in December 2022, which enhanced the corporate’s skill to supply top-tier e-mobility options for world markets. With the acquisition of TECOSIM, Hinduja Tech goals to offer complete, end-to-end options that improve service effectivity and provide a broader vary of progressive engineering options.
As soon as the acquisition is accomplished, Hinduja Tech and TECOSIM will start the mixing course of to merge their sources and strengths easily. The businesses will set up a unified model technique that displays their shared imaginative and prescient and dedication to delivering superior technical companies.
The acquisition is anticipated to considerably improve Hinduja Tech’s capabilities and market attain, solidifying its place as a number one supplier of mobility engineering companies globally.
