Infosys to Acquire in-tech, A Engineering R&D Services Provider focused on German Auto Industry
Infosys has announced a definitive agreement to acquire in-tech, a leading Engineering R&D services provider focused on the German automotive industry. This acquisition is part of Infosys' strategy to strengthen its Engineering R&D capabilities and expand its footprint across Europe. The acquisition is expected to close during the first half of fiscal 2025, subject to customary closing conditions and regulatory approvals.
In-tech is known for its work in digitization within the automotive, rail transport, and smart industry sectors, particularly in areas such as e-mobility, connected and autonomous driving, and electric vehicles. With a team of 2200 people across various locations, in-tech brings extensive industry expertise and deep client relationships with German original equipment manufacturers (OEMs) to Infosys.
The acquisition is valued at approximately €450 million, and it aligns with Infosys' commitment to the automotive ecosystem, enhancing its service offerings in the software-defined vehicles (SDVs) domain. It's a significant move that underscores Infosys' continued investment in digital engineering and its vision for the future of automotive innovation.
The acquisition of in-tech by Infosys is expected to bring several benefits. Infosys will enhance its engineering research and development (R&D) capabilities, particularly in the automotive sector, which is a key focus area for in-tech. In addition, the acquisition will expand Infosys' footprint across Europe, providing access to new markets and clients, especially in the German automotive industry.
Moreover, with the global network of over 320,000 technology experts that Infosys has, in-tech will be able to realize projects faster and more flexibly, benefiting clients with quicker time-to-market for their products.
Recent Acquisitions by Infosys
Infosys has been active in its acquisition strategy to bolster its capabilities and expand its global presence. Here are some of the recent acquisitions by Infosys:- Insemi: Acquired in February 2024, Insemi is a company that specializes in semiconductor technology.
- BASE: Acquired in August 2022, BASE is a life science company that provides consulting and implementation services
- oddity: Acquired in April 2022, oddity is a digital agency that focuses on customer experience and digital transformation.
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