Hinduja Tech Expands Global Footprint With Acquisition Of TECOSIM Group

Hinduja Tech Limited, a mobility-focused global engineering R&D services firm and a subsidiary of Ashok Leyland, is pleased to announce the signing of a definitive agreement to acquire TECOSIM Group.

This strategic acquisition expands Hinduja Tech's presence in European and international markets and strengthens its position as a leading provider of mobile engineering services worldwide. The company will gain a strategic position in Europe by expanding its geographical reach and reaching its main customers. With TECOSIM, Hinduja Tech will increase its global delivery footprint by providing enhanced capabilities and strengthened regional delivery centers to European customers with nearby delivery options.

With more than 650 employees, the TECOSIM group brings with it extensive expertise and innovative solutions that will significantly enhance Hinduja Tech's capabilities and market coverage. This acquisition makes Hinduja Tech a major player in the engineering services industry.

The acquisition is expected to take place in the coming months pending official confirmations. Upon completion, Hinduja Tech and TECOSIM will begin an integration process to seamlessly combine their resources and strengths. The organizations plan to create a unified brand strategy that embodies their shared vision and commitment to providing superior technical services.

This follows the previous acquisition of Drive System Design (DSD) in December 2022, which enabled Hinduja Tech to offer best-in-class electronics solutions to the global market. With the acquisition of TECOSIM Group, Hinduja Tech plans to enhance its service offering by seamlessly integrating TECOSIM's advanced engineering expertise into its existing portfolio. This strategic collaboration enables the provision of comprehensive and complete solutions, especially in computer-aided design and simulation. Customers can expect improved service efficiency, an even wider range of innovative designs and an overall better experience.

This acquisition not only strengthens Hinduja Tech's global presence, but also reinforces its commitment to providing cutting-edge technology and exceptional service.

Mr. Prakash Hinduja, Chairman of Hinduja Group, Europe states, "We are pleased to announce our acquisition of TECOSIM Group, marking a significant step in our journey to expand our global footprint in mobility engineering. This strategic move reinforces our commitment to innovation and excellence, empowering us to deliver unparalleled value to our clients worldwide."

About the Hinduja Group

The Hinduja Group is one of India’s premier diversified and transnational conglomerate. Employing about 200,000 employees, with a presence across 38 countries, it has a multi-billion-dollar revenue. The Group was founded over a hundred years ago by Shri PD Hinduja whose credo was "My duty (dharma) is to work so that I can give." The Group owns businesses in Mobility, Digital Technology, Banking and Financial Services, Media, Project Development, Lubricants and Specialty Chemicals, Energy, Real Estate, Trading, and Healthcare. The Group also supports charitable and philanthropic activities across the world through the Hinduja Foundation.

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