The acquisition brings together two companies with complementary strengths. Hinduja Tech Limited, a subsidiary of Ashok Leyland, has acquired TECOSIM Group, a European engineering services provider. This acquisition expands Hinduja Tech's European presence and aims to propel the company toward its goal of becoming a top 10 global mobility engineering and R&D company. The move strengthens Hinduja Tech's position in the global automotive engineering market and reinforces its commitment to sustainable mobility solutions. The acquisition combines Hinduja Tech's existing capabilities with TECOSIM Group's expertise in virtual validation and body engineering.
Global expansion
Hinduja Tech's acquisition of TECOSIM Group marks a significant step in its growth strategy. The company aims to enhance its global market presence, improve operational efficiencies, and increase competitiveness. This acquisition is also expected to enhance the company's ability to deliver innovative and sustainable mobility solutions.
The acquisition brings together two companies with complementary strengths. Hinduja Tech has a proven track record in technology innovation and systems integration. TECOSIM Group brings deep experience in virtual validation and body engineering.
What does this signify?
The combined entity will offer a broader suite of services to the global mobility industry. This will include everything from advanced technology innovation to leading systems integration, addressing the evolving needs of the automotive sector. The acquisition will enable Hinduja Tech to offer more comprehensive and competitive services through its global delivery model.
TECOSIM Group is known for its expertise in virtual validation and body engineering, bringing innovation and talent to Hinduja Tech. The acquisition will allow Hinduja Tech Group to offer a comprehensive set of services. This ranges from advanced technology innovation to systems integration.
This partnership aims to broaden Hinduja Tech's range of solutions for the global mobility industry's evolving needs. It also seeks to ensure more comprehensive and competitive services for customers through a global delivery model.
“We are delighted to have TECOSIM Group join the Hinduja Tech family. This reinforces our unwavering commitment to innovation and growth. TECOSIM Group’s virtual validation and body engineering expertise perfectly complements our existing capabilities, allowing us to offer a comprehensive range of solutions. Together, we will drive the future of automotive engineering and shape the contours of the global mobility landscape,” stated Kumar Prabhas, CEO of Hinduja Tech Limited.
“Joining forces with Hinduja Tech is a game-changer for TECOSIM. Their global reach and industry expertise, coupled with our technical strengths, create a winning combination. We are excited to embark on this journey, delivering exceptional value to our clients and driving technological advancements in the global mobility value chain,” mentioned Udo Jankowski, Managing Director of the TECOSIM Group.
Hinduja Tech global footprint
The acquisition expands Hinduja Tech's global footprint, particularly in Europe. TECOSIM's established presence in Europe provides Hinduja Tech with broader geographic reach and new avenues for growth. This includes access to a more diverse customer base in Europe and beyond.
TECOSIM has over 650 employees across the UK, Germany, Romania, Japan, and India. These employees will bring a wealth of expertise and innovative solutions to Hinduja Tech. The acquisition strengthens Hinduja Tech's ability to address the automotive industry's challenges. The company aims to deliver innovative solutions that promote efficiency, sustainability, and performance.
