KPIT and Technica Engineering Join Forces to Accelerate Transformation to Software Defined Vehicle (SDV)
Munich, Germany and Pune, Maharashtra, India:
Technica Engineering is headquartered in Munich and is present in Spain, Tunisia and the United States, with a team of over 600 engineers.
The deal is expected to close by the end of October 2022, following the satisfaction of customary closing conditions, and upon completion, Technica Engineering will be wholly owned by KPIT Technologies. The transaction will be EPS accretive upon consolidation.
“The mobility industry uses software to drive innovation and creates a post-sale vehicle business model focused on providing service to end consumers. We are constantly looking for opportunities to help accelerate our customer’s vision. “With Technica Engineering, we will drive value and scale of operations across the entire stack. We have shared strategic customers who will benefit, and we also have access to leading disruptive mobility technology companies.” said Mr. Kishor Patil, Co-Founder, CEO and Managing Director of KPIT Technologies.
“SDV requires a significant shift in electronic architecture, moving from low-computing distributed devices to high-computing central. Rapid prototyping of high-computing hardware and vehicle architecture is essential to validate architecture changes at “As the industry makes this transition. Together we will provide a one-stop-shop enabling the industry to rapidly migrate to SDV by accelerating prototyping and software access and reducing workflow complexity for customers.” , said Mr. Anup Sable, CTO at KPIT Technologies.
“Over the past 14 years, Technica has built a team passionate about cutting-edge technologies in network architecture and system prototyping. A partner with vision and equal value was crucial to scaling and to create leadership in this space. We are thrilled to see that in KPIT. We are confident that together we will play a key role in shaping the future of the mobility industry,” said Mr. Joseba Rodriguez Martinez, CEO of Technica Engineering.
“The boundaries of integration between system architecture, hardware and middleware are blurring. Our goal is to create production-ready system prototyping, network designs, communication drivers, tools and testing solutions that redefine the industry benchmark. The power of KPIT’s software competence will make these solutions exponentially more valuable,” said Mr. Thomas Königseder, CTO of Technica Engineering.
KPIT Technologies is a global automotive and mobility ecosystem partner to make software-defined vehicles a reality. It is a leading independent software development and integration partner helping mobility leapfrog into a clean, smart and safe future. With over 10,000 automotive enthusiasts worldwide specializing in in-vehicle software, AI and digital solutions, KPIT is accelerating its customers’ implementation of next-generation technologies for the future mobility roadmap. . With engineering centers in Europe, the United States, Japan, China, Thailand and India, KPIT works with automotive and mobility leaders and is present where the ecosystem is transforming.
To learn more, visit https://www.kpit.com/
KPIT Newsroom and Media Resource Center: https://www.kpit.com/newsroom/
About Technica Engineering
technical engineering accelerates the innovation process in the automotive ecosystem with holistic technology support: Covering the architecture of the electric and electronic vehicle from design to validation.
Technica Engineering specializes in production-ready system prototyping which covers aspects of system architecture, communication, prototyping and integration. This is complemented by leading products for automotive Ethernet and validation. Technica Engineering is headquartered in Munich and has locations in Spain, Tunisia and the United States, with a team of over 600 engineers.
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Mohit Kochar (Global Head, Marketing), KPIT Technologies, [email protected]
Sunil Ravish (Director, Marketing | Media Relations), KPIT Technologies, [email protected]
Sunil Phansalkar (Head, Investor Relations), KPIT Technologies, [email protected]
Dr. Lars Voelker (Technical Fellow and Media Relations Manager), Technica Engineering, [email protected]
Thomas Königseder (Technical Director), Technica Engineering, [email protected]