Hinduja Tech Completes TECOSIM Acquisition, Strengthening Global Reach
CHENNAI, India – Nov. 29, 2024 – Hinduja Tech Limited, a global engineering and R&D technology company and subsidiary of Ashok Leyland, has finalized its acquisition of TECOSIM Group, a prominent European engineering services provider. This strategic move bolsters Hinduja Tech’s presence in Europe, aligning with its vision of becoming a top 10 global mobility engineering and R&D company.
The acquisition highlights Hinduja Tech’s commitment to innovation and global market leadership, enhancing operational efficiency and competitiveness in the automotive sector. TECOSIM Group’s expertise in virtual validation and body engineering complements Hinduja Tech’s capabilities, enabling the combined entity to deliver a comprehensive suite of advanced engineering solutions.
Also read | TCS Partners with IIT Kharagpur to Drive Innovation in Digital Health and Robotics
Leadership Insights
Kumar Prabhas, CEO of Hinduja Tech, stated, “TECOSIM’s expertise aligns perfectly with our goals. Together, we will redefine the global mobility landscape.”
TECOSIM’s Managing Director, Udo Jankowski, remarked, “This partnership combines our technical strengths with Hinduja Tech’s global reach, creating unparalleled value for clients.”
With over 650 employees across the UK, Germany, Romania, Japan, and India, TECOSIM significantly strengthens Hinduja Tech’s global footprint. The acquisition unlocks opportunities to serve a diverse customer base across Europe and beyond, empowering the automotive industry with innovative, sustainable, and efficient engineering solutions.
