CHENNAI, India, November 29, 2024 /PRNewswire/ — Hinduja Tech Restricted, a world engineering and know-how R&D firm targeted on mobility, which is a subsidiary of Ashok Leyland, at this time introduced the completion of the acquisition of TECOSIM Group, a number one European engineering companies supplier. This acquisition, increasing its presence within the European market, marks a big milestone for Hinduja Tech, taking a decisive step in direction of its imaginative and prescient to be among the many high 10 world mobility engineering and R&D corporations. The strategic transfer highlights Hinduja Tech's continued dedication to strengthen its world management within the automotive engineering market. This may present operational effectivity, elevated competitiveness and a stronger world market presence. This acquisition reinforces Hinduja Tech's imaginative and prescient to develop into a world chief in sustainable mobility options.
TECOSIM Group, famend for its cutting-edge digital validation and physique engineering experience, brings appreciable depth of innovation and expertise to the Hinduja Tech household. Combining the deep experience of TECOSIM with the confirmed experience of Hinduja Tech, Hinduja Tech Group will supply a complete suite of companies from superior know-how innovation to main techniques integration. This partnership will allow Hinduja Tech to ship a wider vary of options, assembly the ever-evolving wants of the worldwide mobility business and making certain extra complete and aggressive companies out there to prospects by way of its distinctive world supply mannequin.
Mr. Kumar Prabhas, CEO Hinduja Tech Restrictedacknowledged, “We’re delighted to have TECOSIM Group be a part of the Hinduja Tech household. This reinforces our unwavering dedication to innovation and development. TECOSIM Group's digital validation and physique engineering experience completely complement our current capabilities, enabling us to supply a complete vary of options. Collectively, we are going to drive the way forward for automotive engineering and form the contours of the worldwide mobility panorama.”
Mr. Udo Jankowski, Common Supervisor of the TECOSIM Groupechoed this sentiment: “Becoming a member of forces with Hinduja Tech is a sport changer for TECOSIM. Their world footprint and business experience, together with our technical strengths, create a successful mixture. We’re excited to embark on this journey, delivering distinctive worth for our prospects and main technological developments within the world mobility worth chain.”
This acquisition considerably expands Hinduja Tech's world footprint, solidifying its presence in Europe and positioning itself for additional development. TECOSIM's sturdy place in Europe provides Hinduja Tech a wider geographic attain and opens up new avenues for development, together with serving a extra numerous buyer base in Europe and additional. With over 650 workers unfold throughout the UK, GermanyRomania, Japan and IndiaTECOSIM will deliver a wealth of experience and progressive options. Hinduja Tech will leverage its enhanced capabilities to deal with the advanced challenges of the automotive business by offering progressive options that drive effectivity, sustainability and efficiency.
About Hinduja Tech:
Hinduja Tech, a part of the multi-billion greenback Hinduja Group, is the built-in supplier of product engineering options and digital applied sciences for the mobility business. As a companion of alternative, Hinduja Tech works with main automotive organizations (OEMs and Tier-X suppliers) and disruptive mobility gamers in north america, EuropeAPAC and India. To know extra about Hinduja Tech, go to www.hindujatech.com
The Hinduja Group has a presence in over 38 nations and employs roughly 200,000 individuals throughout a number of business sectors reminiscent of mobility, lubricants and specialty chemical compounds, banking and finance, digital know-how, vitality, media and leisure, actual property, well being, challenge growth and buying and selling.
About TECOSIM Group:
TECOSIM Group, primarily based in Wiesbaden, Germanyis a globally energetic engineering firm famend for creating know-how options that advance sustainable transportation, safe and clear vitality provide, and a aggressive industrial panorama. Began as a German engineering firm, the TECOSIM Group has now earned an distinctive popularity in Europe, Asiaand UNITED STATES OF AMERICA by way of its world enlargement and is thought for its experience in simulation, check and engineering companies that deal with a various vary of industries, together with the automotive, vitality and industrial sectors.
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SOURCE Hinduja Tech
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