Infosys to acquire German firm, in-tech, to strengthen Engineering R&D leadership

Devdiscourse News Desk | Bengaluru | Updated: 18-04-2024 17:53 IST | Created: 18-04-2024 17:53 IST
Infosys to acquire German firm, in-tech, to strengthen Engineering R&D leadership
Representative Image. Credit: ANI
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Infosys has entered into a definitive agreement to acquire Germany-based in-tech, a leading Engineering R&D services provider, to further strengthen its Engineering R&D capabilities.

"Infosys continues to strengthen its Engineering R&D leadership with decades of experience in digital engineering. Together with in-tech, Infosys Topaz, an AI-first set of services, solutions and platforms and recently acquired InSemi’ semiconductor’s expertise, we have successfully created deeper capabilities for the next phase of automotive innovation in the arena of software-defined vehicles. We are excited to welcome in-tech and its leadership team into the Infosys family," said Dinesh Rao, EVP & Co-Delivery Head, Infosys.

in-tech is one of the fastest-growing Engineering R&D services providers focused on the German automotive industry. The company develops solutions in e-mobility, connected and autonomous driving, electric vehicles (EVs), off-road vehicles and railroad.

With this strategic acquisition, Infosys will deepen its engagements with leading German original equipment manufacturers (OEMs) and expand its industry expertise through in-tech’s multidisciplinary team of 2200 employees, spread across Germany, Austria, China, the UK, and nearshore locations in Czech Republic, Romania, Spain, and India.

Commenting on this partnership, Tobias Wagner, in-tech CEO, said, "Over the past 22 years, we have created an impressive company history, characterized by organic growth, strategic acquisitions and high profitability. This strategic partnership with Infosys represents a decisive turning point for us: It opens up unprecedented growth opportunities, and also adds tremendous value to our offering for our clients. Together we now cover the entire end-to-end process, a step that is crucial to fully meet our customers' needs. With access to more talent and expertise, we gain incredible strength and scale in our delivery capability, enabling us to successfully implement even more ambitious projects."

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