Hinduja Tech (HT), a global engineering R&D services company focused on mobility and a subsidiary of Ashok Leyland, has announced the signing of a definitive agreement to acquire the TECOSIM Group. This acquisition marks a significant step in Hinduja Tech's strategy to broaden its presence in European and international markets, solidifying its position as a leading provider of mobility engineering services worldwide.
The acquisition of TECOSIM Group, a company with over 650 employees renowned for its innovative solutions, enhances Hinduja Tech’s capabilities and market reach significantly. This move strengthens Hinduja Tech's global delivery footprint with enhanced capabilities and reinforced regional delivery centres, offering European customers a near-shore delivery option.
The acquisition is expected to close in the upcoming months, pending regulatory approvals. Upon completion, Hinduja Tech and TECOSIM will begin the integration process to smoothly merge their resources and strengths. The organisations plan to establish a unified brand strategy that embodies their shared vision and commitment to providing superior technical services.
This acquisition follows Hinduja Tech's previous acquisition of Drive System Design (DSD) in December 2022, which propelled the company to offer best-in-class e-mobility solutions for global markets. The integration of TECOSIM's advanced engineering expertise into Hinduja Tech's existing portfolio is expected to elevate service offerings significantly. This strategic collaboration will enable Hinduja Tech to provide comprehensive, end-to-end solutions, particularly in computer-aided engineering and simulation.
Customers of Hinduja Tech can look forward to enhanced service efficiency, access to a broader range of innovative engineering solutions, and an overall improved experience. The acquisition not only strengthens Hinduja Tech's global presence but also reaffirms its commitment to delivering cutting-edge technologies and exceptional service.
This acquisition marks a major milestone for Hinduja Tech, positioning the company to lead the way in sustainable mobility and provide innovative solutions by leveraging its combined resources and expertise. The collaboration with TECOSIM is anticipated to unlock new opportunities and drive significant growth, ensuring that Hinduja Tech remains at the forefront of the mobility engineering services industry.
Kumar Prabhas, CEO of Hinduja Tech, 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 of the TECOSIM Group, said that joining forces with Hinduja Tech is an exciting milestone for TECOSIM. The company is eager to leverage Hinduja Tech's core competencies and industry knowledge to drive growth and deliver value to its clients. This collaboration will enable to identify new opportunities and expand its global presence, he added.
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