New Delhi: KPIT Technologies, a global software integration partner for the automotive and mobility industry, has acquired Munich-based Technica Engineering, a company specializing in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products, and tools for validation. This will create across-the-stack expertise offering a one-stop shop for the industry to transform towards Software-defined Vehicle (SDV), KPIT Technologies said in a media release.
Technica Engineering has presence in Spain, Tunisia, and the US, with a team of 600-plus engineers.
The deal is expected to be closed by the end of October 2022, after fulfilling all customary closing conditions, and then Technica Engineering will be fully owned by KPIT Technologies. The deal will be EPS accretive upon consolidation, the release added.
Kishor Patil, co-founder, CEO, and MD of KPIT Technologies, said, “Mobility industry is using software to drive innovation and is creating a post-vehicle-sale business model driven by delivering services to end consumers. We are constantly looking for possibilities to help accelerate our client’s vision. With Technica Engineering, we will strengthen the value and scale of operations across the stack. We have common strategic clients who will benefit, and we also get access to leading disruptor mobility tech companies.”
“SDV demands a significant change in the electronics architecture moving from distributed-low-compute devices to central-high-compute. Rapid prototyping of high-computing hardware and vehicle architecture is critical to validate changes in architecture as the industry makes this transition. Together we will offer a one-stop shop for the industry to migrate rapidly towards SDV by speeding up prototyping and software access and reducing workflow complexities for clients,“ Anup Sable, CTO, KPIT Technologies, said.
“For the last 14 years, Technica has built a team passionate about cutting-edge tech in network architecture and system prototyping. A partner with a vision and value match was crucial to scale and create leadership in this space. We are delighted to find that in KPIT. We are confident that together we will play a key role in shaping the future of the mobility industry,” Joseba Rodriguez Martinez, CEO, Technica Engineering, said.
“Integration boundaries between system architecture, hardware, and middleware software are getting blurred. Our goal is to create production-ready system prototyping, network designs, communication drivers, tooling, and testing solutions that redefine the industry benchmark. The power of software competence of KPIT will make these solutions exponentially more valuable,” Thomas Königseder, CTO, Technica Engineering, said.
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