This acquisition expands Hinduja Tech’s footprint in Europe and the global market.
Hinduja Tech Limited, a subsidiary of Ashok Leyland focused on global engineering R&D for mobility, has entered into a definitive agreement to acquire the TECOSIM Group.
This pivotal acquisition expands Hinduja Tech’s reach in European and global markets, reinforcing its status as a premier global provider of mobility engineering services. The company gains a strategic position in Europe, extending its geographic footprint and accessing key customer accounts. By acquiring TECOSIM, Hinduja Tech enhances its delivery capabilities globally, providing robust regional support to European customers through near-shore delivery options.
The acquisition is expected to be finalized in the coming months, subject to regulatory approvals. After completion, Hinduja Tech and TECOSIM will begin their integration process to merge their resources and capabilities effectively. The companies plan to develop a cohesive brand strategy that reflects their collective commitment to excellence in technical services.
Following its acquisition of Drive System Design (DSD) in December 2022, which enhanced its e-mobility solutions, Hinduja Tech’s acquisition of TECOSIM aims to further elevate its service offerings by incorporating TECOSIM’s sophisticated engineering expertise into its portfolio. This strategic partnership will deliver comprehensive, end-to-end solutions, particularly in computer-aided engineering and simulation. Clients can expect improved service efficiency, access to a broader array of innovative engineering solutions, and an enhanced overall experience. This initiative boosts Hinduja Tech’s global stature and underscores its dedication to providing advanced technologies and exceptional service.
The addition of TECOSIM, which employs over 650 people, significantly boosts Hinduja Tech’s service capabilities and market presence. This acquisition consolidates Hinduja Tech’s role as a significant engineering service player.
Kumar Prabhas, CEO of Hinduja Tech Limited, expressed excitement about welcoming the TECOSIM Group into the Hinduja Tech family. He noted that this acquisition aligns with the company’s strategic goal of leading mobility engineering services globally. Prabhas highlighted that TECOSIM’s technological expertise and presence in the European market will significantly enhance Hinduja Tech’s capabilities, allowing them to offer innovative and sustainable solutions to their clients. He also mentioned that he is looking forward to integrating the TECOSIM team.
Udo Jankowski, Managing Director of the TECOSIM Group, described the merger with Hinduja Tech as the beginning of an exciting new phase for TECOSIM. He emphasized the desire to leverage Hinduja Tech’s vast industry expertise and core strengths to spur growth and provide unmatched value to their clients. Jankowski believes this partnership will expand their opportunities and strengthen their global presence.
