KPIT Technologies Limited has officially completed the acquisition of the Technica Group, which includes Technica Engineering GmbH (Germany), Technica Electronics Barcelona S.L. (Spain), Technica Engineering Spain S.L. (Spain), and Technica Engineering Inc. (USA). The acquisition, as previously intimated in September 2022, involved a total fixed consideration of €80 million, with an additional variable consideration of up to €30 million. Of this, €14.5 million has already been paid, with a breakdown of €9.5 million tied to performance conditions and €5 million for the acquisition of KPIT Engineering SUARL, a nearshore development center in Tunisia.

As of December 4, 2024, the shares of KPIT Tunisia were officially transferred, and the registration was completed in the Tunisian National Company Register.

The acquisition of Technica Group strengthens KPIT’s position in the automotive industry, specializing in system prototyping, automotive ethernet products, and validation tools. This acquisition is aligned with KPIT's strategy to enhance its Software-Defined Vehicle (SDV) expertise and expand its market footprint in the automotive sector.

Furthermore, the acquisition of KPIT Engineering SUARL (Tunisia), a development center, does not have a significant impact on the consolidated profit and loss of KPIT Technologies as it primarily serves as a nearshore development hub for Technica GmbH, its sole customer.

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All regulatory filings and disclosures in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations have been made, with details submitted to the BSE Limited and National Stock Exchange of India.

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