Hinduja Tech Closes Multi-Million Dollar Acquisition Deal to Strengthen Global Mobility Engineering Presence
Mumbai: Hinduja Tech Limited, a leading global engineering services provider, has announced its acquisition of TECOSIM Group, a renowned European engineering services company. This strategic move is expected to bolster Hinduja Tech's presence in Europe and reinforce its position as a major player in the global mobility engineering market.
As part of the deal, Hinduja Tech aims to leverage TECOSIM's cutting-edge expertise in virtual validation and body engineering to deliver innovative mobility solutions for its clients. Combining their capabilities, the company is targeting significant advancements in automotive engineering.
TECOSIM brings extensive experience in the European market, which will be a significant asset for Hinduja Tech as it expands its footprint in key regions. The acquisition positions Hinduja Tech well to capitalize on growing demand for automotive engineering services and further solidifies its position in the global mobility engineering space.
"We are thrilled to welcome TECOSIM Group into our family of companies," said [Name], CEO of Hinduja Tech Limited. "This strategic acquisition marks a significant milestone in our journey to establish ourselves as a leading provider of global mobility engineering services."
The terms of the transaction remain undisclosed, but Hinduja Tech confirmed that it will leverage its resources and expertise to further enhance TECOSIM's capabilities and drive future growth. This move is expected to create new opportunities for collaboration and innovation across the globe.
Hinduja Tech Limited is a part of the $12 billion Hinduja Group, with an ambitious strategy to become a global leader in digital transformation and engineering services. By expanding its presence in Europe through this acquisition, the company is poised to capitalize on emerging trends in mobility engineering and maintain its competitive edge in the rapidly evolving automotive industry.