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

A lot of us know Singer Vehicle Design and their signature work of reimagining Porsche 911s, and making them look like hot rods from the 70s. They are not alone...
by - August 20, 2017
August 17, 2017 is a sad day for the Dodge Viper, its fans, enthusiasts and its admirers. It is the day when the last Dodge Viper rolled off the assembly...
by - August 20, 2017
A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 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