Hinduja Tech Ltd., has completed the acquisition of Tecosim Group, a leading European engineering services provider.
This acquisition, expanding its presence in the European market, marks a significant milestone for Hinduja Tech, taking a decisive step towards its vision to be among the top 10 global mobility engineering and R&D companies, said the Ashok Leyland subsidiary in a statement.
The strategic move highlights Hinduja Tech’s ongoing commitment to enhancing its global automotive engineering market leadership. This will provide operational efficiencies, increased competitiveness, and a stronger global market presence.
“Tecosim Group’s virtual validation and body engineering expertise perfectly complements our existing capabilities, allowing us to offer a comprehensive range of solutions. Together, we will drive the future of automotive engineering and shape the contours of the global mobility landscape,” said Hinduja Tech CEO Kumar Prabhas.
“Joining forces with Hinduja Tech is a game-changer for TECOSIM. Their global reach and industry expertise, coupled with our technical strengths, create a winning combination,” said Tecosim Group MD Udo Jankowski.
With over 650 employees spread across the UK, Germany, Romania, Japan, and India, Tecosim will bring a wealth of expertise and innovative solutions. Hinduja Tech will leverage its enhanced capabilities to address the automotive industry’s complex challenges, delivering innovative solutions that drive efficiency, sustainability, and performance.
Published – November 30, 2024 06:50 pm IST
