Hinduja Tech Limited, a subsidiary of Ashok Leyland and part of the multi-billion dollar Hinduja Group, has announced a definitive agreement to acquire TECOSIM Group. This strategic move is set to significantly broaden Hinduja Tech's presence in the European and international markets, positioning it as a leading provider of mobility engineering services worldwide.

The acquisition of TECOSIM Group, renowned for its expertise in computer-aided engineering and simulation, brings over 650 skilled employees into Hinduja Tech's fold. This addition enhances Hinduja Tech's capabilities and market reach, allowing it to offer more comprehensive and innovative engineering solutions to its global clientele.

Broadened Presence and Enhanced Capabilities
With the acquisition, Hinduja Tech gains a strategic foothold in Europe, expanding its geographic reach and gaining access to key customer accounts. This expansion is crucial as it enhances the company's global delivery footprint with nearshore delivery options tailored to European customers. This move not only broadens Hinduja Tech's market presence but also solidifies its position as a key player in the engineering services sector.

Strengthened by Expertise
TECOSIM Group's integration into Hinduja Tech brings a wealth of expertise and innovative solutions. Known for its advanced engineering capabilities, TECOSIM's team will contribute significantly to Hinduja Tech's service offerings. This strategic acquisition allows Hinduja Tech to leverage TECOSIM's technological prowess and market presence in Europe, enhancing its ability to serve clients with cutting-edge and sustainable solutions.

Leadership Insights
Mr. Kumar Prabhas, CEO of Hinduja Tech Limited, expressed his excitement about the acquisition, stating, "We are delighted to have TECOSIM Group join the Hinduja Tech family. This acquisition aligns with our strategic goal to become a global leader in mobility engineering services. 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, echoed this sentiment, saying, "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."

Future Integration and Strategy
The acquisition is anticipated to close in the upcoming months, pending regulatory approvals. Once completed, Hinduja Tech and TECOSIM will begin the integration process, aiming to merge their resources and strengths seamlessly. The organizations plan to establish a unified brand strategy that embodies their shared vision and commitment to providing superior technical services.

Building on Previous Successes
This acquisition follows Hinduja Tech's former acquisition of Drive System Design (DSD) in December 2022. The DSD acquisition propelled Hinduja Tech's offerings in the e-mobility solutions market. The integration of TECOSIM's advanced engineering expertise into Hinduja Tech's existing portfolio will further elevate its service offerings, allowing the company to provide comprehensive, end-to-end solutions, particularly in computer-aided engineering and simulation.

Enhanced Customer Experience
Customers of Hinduja Tech can look forward to enhanced service efficiency and access to a broader range of innovative engineering solutions. This strategic collaboration aims to deliver an improved overall experience, reinforcing Hinduja Tech's commitment to delivering cutting-edge technologies and exceptional service.

Conclusion
The acquisition of TECOSIM Group marks a significant milestone for Hinduja Tech, positioning the company to lead the way in sustainable mobility and provide innovative solutions by utilizing its combined resources and expertise. This move not only strengthens Hinduja Tech's global presence but also reaffirms its dedication to offering superior technical services to its clients worldwide.

The collaboration between Hinduja Tech and TECOSIM is poised to drive growth, explore new opportunities, and deliver unmatched value in the mobility engineering sector. As the integration progresses, both companies aim to leverage their combined strengths to offer more comprehensive and sustainable engineering solutions, ensuring a bright future for their clients and the industry at large.

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