KPIT Technologies has completed the transfer of its 26% stake in N-Dream AG to KPIT Technologies (UK) Limited, a wholly owned subsidiary. This transaction increases KPIT UK’s stake in N-Dream to 90%, making N-Dream a step-down subsidiary of KPIT India.
The transfer is intended to achieve parity and restructure the organisational framework within the KPIT group. Despite the internal transfer, KPIT group’s overall holding in N-Dream remains unchanged at 90%.
N-Dream, based in Switzerland, operates as a cloud-based game aggregation platform. This strategic investment aligns with KPIT’s roadmap to enhance the driver and passenger experience in the ‘Cockpit of the Future’ for automotive original equipment manufacturers (OEMs). KPIT plans to offer complementary software integration and validation services to N-Dream’s automotive clients. Furthermore, both parties aim to collaborate on value-added data products for automotive OEMs, enabling them to create additional monetisable experiences and features.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).