Ashok Leyland’s Subsidiary Hinduja Tech to Acquire TECOSIM

Hinduja Tech Limited (HT), a subsidiary of Ashok Leyland and a major player in mobility-focused engineering R&D services, announced a strategic move today. The company signed a definitive agreement to acquire the TECOSIM Group, a prominent engineering services provider based in Germany. This acquisition marks a significant step forward for Hinduja Tech, solidifying its position as a global leader in the mobility engineering services sector.

The acquisition brings several key advantages to Hinduja Tech. First, it broadens the company’s presence in the European and international markets. TECOSIM’s established presence in Europe grants Hinduja Tech a strategic foothold in the region, allowing them to access new customer segments and expand their geographic reach. Second, the combined entity boasts a wider global delivery footprint.

TECOSIM’s team of over 650 employees brings valuable expertise and innovative solutions to the table. This strengthens Hinduja Tech’s capabilities across the board and allows them to offer European customers a near-shore delivery option, further enhancing service offerings.

Overall, the TECOSIM acquisition represents a significant win for Hinduja Tech. By merging their expertise and resources, both companies stand to gain a competitive edge. TECOSIM’s established presence and talent pool complement Hinduja Tech’s global reach and technological capabilities.

The company further added that it will complete the acquisition in the upcoming months, pending regulatory approvals. Hinduja Tech and TECOSIM will initiate the integration process to merge their resources and strengths smoothly after the acquisition. The organisation is likely to establish a unified brand strategy that embodies its shared vision and dedication to providing superior technical services.

Mr Kumar Prabhas, CEO of Hinduja Tech Limited, said, “We are delighted to have TECOSIM Group join the Hinduja Tech family. This acquisition aligns with our strategic goal to become a global leader in mobility engineering services. TECOSIM’s technological prowess and market presence in Europe will greatly enhance our capabilities, allowing us to better serve our clients with innovative and sustainable solutions. We look forward to working with the team.”

Mr Udo Jankowski, Managing Director of the TECOSIM Group, said, “Joining forces with Hinduja Tech is an exciting milestone for TECOSIM. We are eager to leverage Hinduja Tech’s core competencies and industry knowledge to drive growth and deliver unmatched value to our clients. This collaboration will enable us to identify new opportunities and expand our global presence.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.