Wednesday, October 13, 2010

KPIT Cummins completes merger of In2Soft GmbH

PUNE, INDIA & MUNICH, GERMANY: KPIT Cummins, a leading product engineering and IT consulting partner to manufacturing companies, today announced that it has completed the merger of German vehicle diagnostics and telematics specialist In2Soft Gmbh.

The merger of Munich based In2Soft, is in line with KPIT Cummins’ stated growth strategy to sharply focus on select industries and achieve market leadership by creating best in class offerings for its global customers. This agreement is expected to result in increased profitability, greater efficiencies and increased market share.

Key highlights
* Capabilities in vehicle diagnostics: The worldwide automotive diagnostics market is slated to grow at a faster pace accelerated by the Euro 5/6 (Europe) and EPA (USA) regulations, WWH-OBD. In2Soft is a leader in new standards in diagnostics (MVCI, ODX, OTX, D-PDU API, DoIP) and offers a complete tool chain (as product) for diagnostic communication (wired, wireless, remote, internet) to several European OEMs and Tier1s.

* Expanded portfolio: KPIT’s customers across US, Asia Pacific (APAC) and emerging markets will get access to highly advanced automotive diagnostics solutions and In2Soft’s customers will be able to leverage KPIT’s product engineering capabilities across multiple automotive sub-systems.

* Enhanced access to OEM customers: Diagnostics is an important OEM offering, and addition of the diagnostics capability to the portfolio will provide KPIT an opportunity to deepen its relationship with German OEM customers.

* Strong Near-shore capabilities: This agreement will strengthen KPIT’s near-shore presence which is essential to service German and European customers.

Kishor Patil, MD and CEO, KPIT Cummins said: “Vehicle diagnostics are very high on automotive OEMs priority worldwide and we will now leverage the technology developed by In2Soft to service automotive OEMs across US and emerging markets in addition to Europe. With In2Soft we will build a local onsite and near-shore presence which is essential for key German customers. We expect a very profitable synergy with In2Soft and welcome the In2Soft team to the KPIT family."

Guven Kivran, MD, In2Soft, added: “We are very happy to join KPIT Cummins which is very sharply focused on the automotive industry. KPIT’s larger geographic presence across US, Europe and APAC will complement our strong relationships in the German automotive industry. We are confident that our combined and complementary strengths will help us create a leadership position in the diagnostics & telematics space and accelerate growth by creating more value for our customers."

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