18.04.2024,
7711 Zeichen
Bengaluru, India and Munich (ots/PRNewswire) - Acquisition
demonstrates Infosys' commitment to the automotive ecosystem and
strengthens its footprint across Europe
Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) a global leader in
next-generation digital services and consulting, today announced a
definitive agreement to acquire in-tech, a leading Engineering R&D
services provider focused on German automotive industry. This
strategic investment further strengthens Infosys' Engineering R&D
capabilities and reaffirms its continued commitment to global clients
to navigate their digital engineering journey.
Headquartered in Germany, in-tech, is one of the fastest growing
Engineering R&D services providers that shapes digitization in the
automotive, rail transport and smart industry sectors. in-tech
develops solutions in e-mobility, connected and autonomous driving,
electric vehicles (EV's), off-road vehicles and railroad. in-tech
offerings include system design, methodical consulting, advanced
electronics platform development and validation of automotive
specific software and hardware systems, infotainment, and experience
validation.
in-tech brings to Infosys, marquee German original equipment
manufacturers (OEMs) deep client relationships, and an extensive
industry expertise with a multidisciplinary team of 2200 people
across locations in Germany, Austria, China, UK, and nearshore
locations in Czech Republic, Romania, Spain, and India.
Dinesh Rao, EVP & Co-Delivery Head, Infosys, said, "Infosys continues
to strengthen its Engineering R&D leadership with decades of
experience in digital engineering. Together with in-tech, Infosys
Topaz, an AI-first set of services, solutions and platforms,and
recently acquired InSemi' semiconductor's expertise, we have
successfully created deeper capabilities for the next phase of
automotive innovation in the arena of software defined vehicles. We
are excited to welcome in-tech and its leadership team into the
Infosys family."
Jasmeet Singh, EVP and Global Head of Manufacturing, Infosys, said,
"The automotive industry today is going through a pivotal change,
with connected, autonomous, and electric vehicles, and most
importantly software-defined vehicles. Electronics and software will
drive value for next generation vehicles. Infosys' leadership with
comprehensive offerings serving global auto OEMs, tier-one, and
e-mobility start-ups, coupled with in-tech' engineering prowess
presents a differentiated value to our clients bringing high quality
innovative products to market faster."
Tobias Wagner, in-tech CEO, said, "Over the past 22 years, we have
created an impressive company history, characterized by organic
growth, strategic acquisitions and high profitability. This strategic
partnership with Infosys represents a decisive turning point for us:
It opens up unprecedented growth opportunities, and also adds
tremendous value to our offering for our clients. Together we now
cover the entire end-to-end process, a step that is crucial to fully
meet our customers' needs. With access to more talent and expertise,
we gain incredible strength and scale in our delivery capability,
enabling us to successfully implement even more ambitious projects."
in-tech Founder and Board Member, Christian Wagner, added, "When
choosing Infosys, it was important to us that not only the business
goals but also the corporate cultures harmonize. I am thrilled that
Infosys and in-tech are not only on the same wavelength in terms of
innovation and technology, but that we also share the same values -
be it our passion for sustainability or our desire to create a work
environment where everyone feels valued. This cultural fit amplifies
my belief that we will achieve extraordinary success together."
The acquisition is expected to close during the first half of fiscal
2025, subject to customary closing conditions and regulatory
approvals.
About in-tech
in-tech shapes digitalization in the automotive industry, rail
transport and industry. The company develops solutions for the
automotive, eMobility, transport systems and smart industry sectors.
The developers and engineers at in-tech work, for example, on topics
such as autonomous driving, electromobility, digital rail or smart
industrial production.
The company was founded in 2002 and has been consistently growing
ever since. in-tech currently employs around 2200 people at locations
in Germany, Austria, China, the UK, the Czech Republic, Spain,
Romania and India. The company shines as an excellent employer with
an outstanding corporate culture: the company has already received
several awards for its good working atmosphere, internal team spirit
and excellent work-life balance. For more information please visit
www.in-tech.com
About Infosys
Infosys is a global leader in next-generation digital services and
consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses and
communities. We enable clients in more than 56 countries to navigate
their digital transformation. With over four decades of experience in
managing the systems and workings of global enterprises, we expertly
steer clients, as they navigate their digital transformation powered
by cloud and AI. We enable them with an AI-first core, empower the
business with agile digital at scale and drive continuous improvement
with always-on learning through the transfer of digital skills,
expertise, and ideas from our innovation ecosystem. We are deeply
committed to being a well-governed, environmentally sustainable
organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can
help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance, are
forward-looking statements intended to qualify for the 'safe harbor'
under the Private Securities Litigation Reform Act of 1995, which
involve a number of risks and uncertainties that could cause actual
results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such as
Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our capital
allocation policy and expectations concerning our market position,
future operations, margins, profitability, liquidity, capital
resources, our corporate actions including acquisitions, and
cybersecurity matters. Important factors that may cause actual
results or outcomes to differ from those implied by the
forward-looking statements are discussed in more detail in our US
Securities and Exchange Commission filings including our Annual
Report on Form 20-F for the fiscal year ended March 31, 2023. These
filings are available at www.sec.gov. Infosys may, from time to time,
make additional written and oral forward-looking statements,
including statements contained in the Company's filings with the
Securities and Exchange Commission and our reports to shareholders.
The Company does not undertake to update any forward-looking
statements that may be made from time to time by or on behalf of the
Company unless it is required by law.
Logo:
https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/infosys-to-acquire
-leading-engineering-rd-services-provider-in-tech-302120936.html
Digital press kit:
http://www.ots.at/pressemappe/PR38775/aom
BSN Podcasts
Christian Drastil: Wiener Börse Plausch
Börsepeople im Podcast S12/13: Carola Bendl-Tschiedel
Aktien auf dem Radar:Polytec Group, Immofinanz, Palfinger, Warimpex, Flughafen Wien, Austriacard Holdings AG, EVN, Rosgix, S Immo, Erste Group, Österreichische Post, Cleen Energy, Marinomed Biotech, Pierer Mobility, RBI, Addiko Bank, SW Umwelttechnik, Oberbank AG Stamm, Agrana, Amag, CA Immo, Kapsch TrafficCom, OMV, Telekom Austria, Uniqa, VIG, Wienerberger, Mercedes-Benz Group, Siemens Energy, Deutsche Post, Allianz.
Captrace
Captrace ist ein führender Anbieter von Informationssystemen im Bereich Investor Relations. Mit seinem System C◆Tace ermöglicht das Unternehmen dem Emittent größtmögliche Transparenz über seine Investorenstruktur zu erhalten. Durch den Service der Aktionärsidentifikation können Emittenten die Daten ihrer Investoren einfach und zuverlässig über das System C◆Trace von den Banken/Intermediären abfragen.
>> Besuchen Sie 68 weitere Partner auf boerse-social.com/partner
Mehr aktuelle OTS-Meldungen HIER