KPIT Technologies Limited has announced the completion of its acquisition of OXI SRL, Italy, through its subsidiary KPIT Technologies (UK) Limited. The company confirmed that it has paid a total consideration of USD 6 million to acquire 100% equity shares of OXI SRL, marking the final step in its global acquisition of the Caresoft group entities.
This follows KPIT’s earlier announcements regarding the acquisition of Caresoft Global Technologies, Inc. (USA), Caresoft Engineering Services Limited (UK), and CAREGLOTECH de RL de CV (Mexico). Initially, the total acquisition value for Caresoft was set at USD 191 million. However, after negotiations and considering changes in the broader business environment, the total deal value was revised to USD 157 million, which includes USD 15 million in variable pay linked to revenue and business synergy milestones.
In preparation for the acquisition, KPIT Technologies Limited infused EUR 28 million and USD 28 million into its UK and US subsidiaries, respectively. On August 15, 2025, KPIT confirmed payment of an initial consideration of USD 51 million, completing the acquisition of the three Caresoft entities in the US, UK, and Mexico.
With the acquisition of OXI SRL Italy now completed, KPIT has successfully concluded its global acquisition of the entire Caresoft group. This move strengthens KPIT’s position in automotive software engineering and digital transformation solutions, enhancing its global reach and technical capabilities.