KPIT Technologies Ltd., a global mobility solutions leader, has acquired Caresoft Global’s Engineering Solutions Business to enhance cost optimization and deliver innovative engineering to truck, off-highway, and mobility segments.
This strategic move comes as automakers navigate industry disruptions, including tariff uncertainties, supply chain challenges, and growing competition from Chinese OEMs. The acquisition strengthens KPIT’s commercial vehicle vertical, supports its expansion into China, and boosts its vehicle cost-reduction capabilities.
Mr. Kishor Patil ,Cofounder, CEO & MD, KPIT Technologies, said, ” At KPIT, we are deepening relationships with trucks and off-highway makers and accelerating foray into China. Also, OEMs across segments are looking for a partner who can bring more agility and cost efficiency by taking an integrated view of software, hardware, and manufacturing. With Caresoft’s strong expertise, we have a strategic partnership which will bring unparalleled value to the mobility ecosystem.”
As part of the transaction, Caresoft Global will restructure its business into three distinct units: Benchmarking, Technology Optimization & Cost Reduction Engineering; Engineering Talent Solutions; and Engineering Solutions. KPIT will acquire the carved-out Engineering Solutions business globally.
The partnership creates multi-dimensional synergies across four key areas. First, it deepens KPIT’s focus on trucks and off-highway segments by incorporating Caresoft’s domain expertise and client relationships. Second, it accelerates KPIT’s entry into China through Caresoft’s established presence and connections with Chinese manufacturers.
Third, the acquisition enables KPIT to enhance value creation through full vehicle cost reduction solutions across passenger cars, trucks, and off-highway segments. Caresoft’s cost benchmarking and teardown expertise across hundreds of vehicle models has reportedly saved OEMs billions of dollars.
Finally, KPIT will acquire new capabilities in manufacturing and industrial engineering, plant layout planning, and assembly line optimization for the mobility ecosystem, helping manufacturers make design and production decisions from early development stages.
Mr. Mathew Vachaparampil, CEO of Caresoft Global,said, “This milestone reflects more than growth. It honors our shared values with KPIT: being relentlessly customer-centric and caring deeply for our people. We will jointly deliver more value to our automotive customers in terms of technology, cost, and speed to market.”
Avendus Capital served as the advisor to KPIT on this transaction.
