More news: Software
Agency / Source: SYSTIME, a CMS Group Company | KPIT

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

KPIT Boosts Software Integration Expertise by Acquiring PathPartner Technology - KPIT Technologies announced the signing of a definitive agreement to acquire a controlling stake in PathPartner Technology - PathPartnerTech.com / KPIT.com
KPIT Boosts Software Integration Expertise by Acquiring PathPartner Technology

 

PRZOOM - /newswire/ - Pune, Maharashtra, India, 2021/06/21 - KPIT Technologies announced the signing of a definitive agreement to acquire a controlling stake in PathPartner Technology - PathPartnerTech.com / KPIT.com. BSE: 532400; NSE: KPIT

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Strengthen KPIT’s software integration capabilities and help deliver complex software solutions for new-age vehicle architectures.
• Early access to semiconductor technologies by leveraging PathPartner centers of excellence and technical assets for automotive OEMs and Tier 1s.
• Provide compelling value in performance engineering of complex high compute domain controller software in Autonomous, Connected, and Electrification domains.

KPIT Technologies, a leading independent software development, and integration partner to the automotive and mobility industry, announced the signing of a definitive agreement to acquire a controlling stake in PathPartner Technology. PathPartner is a specialist design service and solution provider of operating system software and low-level software for Automotive, Camera, Radar, and Multimedia devices. The deal is subject to customary closing conditions and is expected to get closed in Q2 FY 2021-22.

KPIT will initially purchase 60 percent stake for a consideration of INR 890 million, and the balance stake is proposed to be acquired over a period of 2 years against defined growth targets. The total consideration for 100 percent stake will not exceed INR 1,910 million.

Mr. Kishor Patil, CEO, KPIT Technologies, said,“We welcome PathPartner Technology to the KPIT family. PathPartner’s competence in the operating system software and low-level software and existing semiconductor partnerships for early access to platforms is key to delivering complex production programs. Together, we can offer differentiated offerings for new-age vehicle architectures and strengthen our software integration expertise.”

Mr. Tushar K Adhikary, CEO, PathPartner Technology, said,“We are happy to join the KPIT family. KPIT’s vision to reimagine mobility, global presence, scale, software integration strategy gives our team opportunities to grow and add value. KPIT’s strong relationships with auto OEMs and Tier 1s, work on multiple production programs will open doors to taking complementary and differentiated offerings.”

About KPIT

KPIT (kpit.com) is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future. With 7000 automobelievers across the globe specializing in embedded software, AI, and digital solutions, KPIT accelerates clients’ implementation of next-generation technologies for the future mobility roadmap. With engineering centers in Europe, the USA, Japan, China, Thailand, and India, KPIT works with leaders in automotive and mobility and is present where the ecosystem is transforming.

About PathPartner Technology

PathPartner (pathpartnertech.com) is a product engineering and R&D specialist company helping its clients to develop, productize, and maintain advanced technology products. With extensive expertise in embedded operating systems, low-level processor architectures, hardware-accelerated computer vision, deep learning, radar, imaging technologies, and multimedia, PathPartner provides next-gen technology solutions to customers in automotive, intelligent edge devices and digital media products.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: SYSTIME, a CMS Group Company | KPIT

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


KPIT Boosts Software Integration Expertise by Acquiring PathPartner Technology

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Press Office - KPIT.com 
+91 20 66525000
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SYSTIME, a CMS Group Company | KPIT securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From SYSTIME, a CMS Group Company | KPIT / Company Profile


Read Software Most Recent Related Press Releases:

Rebel Hospitality Chooses Infor Hospitality to Deliver Great Guest Experiences
Telenor Monetizes Fast Growing Mobile Services with Oracle
Rocket Software Releases TRUfusion Enterprise Enhancements
Siemens Acquires FORAN Software to Expand Capabilities in Marine Design and Engineering
Cloud Editions 21.3 Strengthens Information Management in the Cloud at Scale
SAP HANA Named a Leader in 'Multimodel Data Platforms' by Independent Research Firm
Wisconsin Athletics Taps SAS to Optimize Venue Seating and Attendance for Commencement
InterSystems Recognized as a Leader by Independent Research Firm in Multimodel Data Platforms Evaluation
Lufthansa Group’s Point-to-Point Airline, Eurowings, Optimizes Flight Operations with OpenText
Infor Positioned as a Leader, for 3rd Consecutive Time, in Gartner Magic Quadrant for Warehouse Management Systems

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  JobsWare.com

Visit  RightITnow, Inc.

Visit  BizJobs.com







 
  ©2021 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today