Hinduja Tech to acquire Tecosim Group

Hinduja Tech's acquisition of Tecosim marks a significant expansion into European and international markets

Chennai- Hinduja Tech Limited., a mobility-focused engineering R&D services company and a subsidiary of Ashok Leyland Limited., of the Hinduja Group, today announced the signing of a definitive agreement to acquire Tecosim Group.

Hinduja Tech's acquisition of Tecosim marks a significant expansion into European and international markets, reinforcing its status as a premier provider of mobility engineering services. This strategic move not only establishes a strong foothold in Europe but also grants access to critical customer accounts. By integrating Tecosim, Hinduja Tech enhances its delivery capabilities, bolstering regional centers and offering near-shore delivery options, thereby solidifying industry.

The acquisition of Tecosim Group, boasting over 650 employees, substantially boosts Hinduja Tech's capabilities and market presence in the engineering services sector, reaffirming position with enhanced expertise and innovative solutions.

Mr. Kumar Prabhas, CEO of Hinduja Tech Limited, said, "We are delighted to have Tecosim Group join the Hinduja Tech family. This acquisition aligns with our strategic goal to become a mobility engineering service. Tecosim's technological prowess and market presence in Europe will greatly enhance our capabilities, allowing us to better serve our clients with innovative and sustainable solutions. We look forward to working with the team."

Mr. Udo Jankowski, Managing Director of the Tecosim Group, said, "Joining forces with Hinduja Tech is an exciting milestone for Tecosim. We are eager to leverage Hinduja Tech's core competencies and industry knowledge to drive growth and deliver unmatched value to our clients. This collaboration will enable us to identify new opportunities and expand our global presence."

Hinduja Tech's pending acquisition of Tecosim is expected to close soon, pending regulatory approvals. Upon completion, both entities will merge their strengths and resources seamlessly. They plan to unify under a cohesive brand strategy, emphasizing their shared commitment to superior technical services.

Previously, Hinduja Tech's acquisition of Drive System Design (DSD) in December 2022 enhanced its e-mobility solutions. Now, with Tecosim, Hinduja Tech aims to integrate advanced engineering expertise, particularly in computer-aided engineering and simulation. This collaboration promises enhanced service efficiency, broader engineering solutions, and an improved customer experience, reinforcing their sustainable mobility and technology innovation.