KPIT Technologies Limited has made a further investment of €10 million in its wholly owned step-down subsidiary, KPIT Technologies GmbH, based in Munich, Germany. This investment, made on September 24, 2024, strengthens KPIT’s commitment to its core automotive engineering services business.
KPIT Technologies GmbH, incorporated in December 2005, serves major automotive OEMs and Tier 1 companies with engineering solutions. The company has shown consistent growth, with a turnover of €99.17 million as of March 31, 2024. With this additional investment, KPIT acquired 456,621 shares at €21.90 per share, marking a strategic move to bolster its presence in the automotive engineering services industry.
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