KPIT Technologies has acquired Caresoft Global’s Engineering Solutions business for $191 million. The acquisition will drive the company’s expansion into the truck and off-highway engineering solutions sector and accelerate KPIT’s entry into the Chinese market.
This also marks the KPIT’s entry into manufacturing engineering solutions for the mobility segment.The $191-million deal includes a $25-million variable consideration based on revenue milestones and other business synergy details. This total consideration can be paid in one or more tranches over four years, with cash considerations and/or equity shares at KPIT’s discretion, according to a statement.
KPIT is acquiring 100% of Caresoft entities in the US, the UK, Mexico, and Italy. Caresoft reported a turnover of $51 million in 2024 and has a team of 900 globally. Caresoft Global specialises in automotive benchmarking and cost-reduction-driven engineering solutions. The company is restructuring its operations into three business units: benchmarking and technology optimisation, engineering talent solutions, and engineering solutions.
Caresoft has maintained a long-standing presence in China. KPIT will leverage insights from Caresoft’s technology optimisation and cost reduction programmes, expand into new areas such as software benchmarking, create unique market differentiators, and jointly explore downstream implementation opportunities, it said.
Additionally, KPIT will acquire new capabilities in manufacturing and industrial engineering, including plant layout planning and assembly line optimisation for the mobility ecosystem. Kishor Patil, co-founder, CEO, and MD of KPIT Technologies, said OEMs across various segments are looking for a partner who can enhance agility and cost efficiency through an integrated approach to software, hardware, and manufacturing—something they can achieve with Caresoft’s expertise.
Ravi Pandit, co-founder and chairman of KPIT, emphasised that geographic adjacency, vertical adjacency, and offering expansion will serve as growth drivers for the company.