Acquisitions & Mergers

Hinduja Tech, a division of Ashok Leyland, has successfully acquired TECOSIM Group.

Hinduja Tech, a division of Ashok Leyland, has successfully acquired TECOSIM Group.

By Kajal Sharma - 05 Dec 2024 08:46 PM

Due to TECOSIM's solid presence in Europe, Hinduja Tech may cover a wider geographic area and pursue new business opportunities, such as catering to a varied clientele around the continent.An important step toward Hinduja Tech Ltd's goal of ranking among the top 10 worldwide mobility engineering firms has been taken with the completion of the acquisition of Germany-based engineering services provider TECOSIM Group GmbH.A global engineering, research, and development technology business with an emphasis on mobility, Hinduja Tech Ltd. is a subsidiary of Ashok Leyland, a manufacturer of heavy commercial vehicles. The calculated action demonstrates Hinduja Tech Ltd.'s continued dedication to strengthening its position as the industry leader in automotive engineering worldwide. According to a business statement from Hinduja Tech Ltd, the acquisition will boost competitiveness, improve operational efficiency, and strengthen the company's position in the worldwide market.

"This acquisition reinforces Hinduja Tech Ltd's vision of becoming a global leader in sustainable mobility solutions," the announcement read. Due to TECOSIM's solid presence in Europe, Hinduja Tech can cover a wider geographic area and explore new business opportunities, such as catering to a varied clientele around the continent. "TECOSIM Group is a welcome addition to the Hinduja Tech family. This demonstrates our steadfast dedication to innovation and expansion," Kumar Prabhas, CEO of Hinduja Tech Ltd., stated. "TECOSIM Group's experience in body engineering and virtual validation is a fantastic fit for our current

 

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