KPIT Cummings buys German vehicle diagnostics company In2Soft

Article by Christian A., on October 17, 2010

KPIT Cummings Ltd. has purchased In2Soft GmbH, a German vehicle diagnostics company. KPIT, an India-based product engineering and IT consultancy, didn’t reveal the financial terms of this deal.

This move is an example of how Indian suppliers are making their presence felt in Europe by taking over companies that have special expertise or access to European automakers and suppliers.

The deal with In2Soft is part of KPIT Cummings' move to deepen its ties with German automakers and Tier 1 suppliers.

In a statement, KPIT Cummins CEO Kishor Patil said that vehicle diagnostics are “very high on automotive OEMs priority [lists] worldwide.”

It will now leverage the technology made by In2Soft to service automotive OEMs throughout the US and growing markets aside from Europe.

He added that with In2Soft, it will be able to create a “local onsite and near-shore presence,” which is vital for key German customers.

He also said that with In2Soft, he expects “a very profitable synergy.” In2Soft GmbH’s customers include BMW AG, Daimler AG, Volkswagen AG, Porsche AG, Robert Bosch GmbH and Continental AG. [via autonews - sub. required]

Topics: germany

If you liked the article, share on:

Comments

Recommended

Not a few agree that the Volkswagen Polo news a styling overhaul. While this supermini still looks good as it is now, the latest facelift was around three years. With...
by - April 27, 2017
They say that when the going gets tough, the tough get going. That’s what Harvey Payne did with his Chevrolet Bolt. Ever since he bought it, it had been experiencing...
by - April 27, 2017
What defines a coupe? Well, according to the dictionary, “it is a car with a fixed roof and two doors”. Ok, now that it is clear, when does one not...
by - April 27, 2017
Back in 2013 was when the first hot hatch was released, that was the original A45 by Mercedes-AMG, carrying a hand-built 2.0 liter M133 turbo mill. It was then then...
by - April 27, 2017
BMW dealers have a problem, a good problem. The demand for the 2017 BMW 5 Series is very high, they cannot attend to all the customers. But actually, supplies are...
by - April 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries