Hinduja Tech, an engineering and R&D technology company under Ashok Leyland, has completed the acquisition of TECOSIM Group, a Germany-based engineering services provider.
This deal is expected to boost Hinduja Tech's European presence and support its “vision to be among the top 10 global mobility engineering and R&D companies.”
TECOSIM specialises in simulation, testing, and engineering services, serving industries such as automotive, energy, and manufacturing.
Hinduja Tech noted that the acquisition will result in “operational efficiencies, increased competitiveness, and a stronger global market presence.”
“This acquisition reinforces Hinduja Tech's vision of becoming a global leader in sustainable mobility solutions,” the company’s press statement read.
Hinduja Tech stated that by combining TECOSIM's experience with its "proven track record," it will offer a "comprehensive" range of services, from "advanced" technology innovation to "leading" systems integration.
Hinduja Tech CEO Kumar Prabhas said: “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”.
This collaboration enables Hinduja Tech to offer a broader range of solutions, addressing the evolving needs of the global mobility industry and providing customers with more comprehensive and competitive services through its global delivery model.
TECOSIM Group director Udo Jankowski said: "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.
“We are excited to embark on this journey, delivering exceptional value to our clients and driving technological advancements in the global mobility value chain."
TECOSIM, with over 650 employees in the United Kingdom, Germany, Romania, Japan, and India, brings significant expertise and innovative solutions.
Hinduja Tech added that it will use these capabilities to address challenges in the automotive industry, focusing on efficiency, sustainability, and performance.
