KPIT acquires Caresoft Global engineering solutions business to serve trucks, off-highway and mobility players
KPIT Technologies has acquired the engineering solutions business of Caresoft Global to deliver enhanced cost optimization and innovative engineering solutions to truck, off-highway and mobility customers.
- 2021
- 2021
What Happened
KPIT Technologies has acquired the Caresoft Global Engineering Solutions Business. KPIT frames the acquisition as a way to deliver enhanced cost optimization and innovative engineering solutions. The stated target customers are players in trucks, off-highway and mobility. The announcement was published alongside two other KPIT recognition items on the company's newsroom.
- Frost & Sullivan selected KPIT Technologies for the 2021 Global Over-the-air (OTA) and Cloud Platform Technology Innovation Leadership Award.
- KPIT was named a Leader in the Everest Group PEAK Matrix Assessment for Autonomous, Connected, Electric, and Shared (ACES) Mobility Automotive Engineering Services 2021.
The two recognition items place KPIT's work in over-the-air and cloud platforms and in ACES mobility engineering services. ACES stands for autonomous, connected, electric and shared mobility, the four technology shifts the Everest Group assessment covers. Frost & Sullivan's award covers OTA and cloud platform technology innovation. Both recognitions are dated 2021 in the source material.
2021
Global Over-the-air (OTA) and Cloud Platform Technology Innovation Leadership Award
Why this matters
The deal adds engineering capacity aimed at three vehicle segments — trucks, off-highway equipment and mobility — where KPIT says it wants to combine cost optimization with new engineering solutions. It signals continued consolidation among automotive engineering-services suppliers that OEMs and suppliers rely on for development work. The same announcement page also highlights two 2021 industry recognitions for KPIT in over-the-air software and ACES mobility engineering services.
Terms in This Story
- OTA (over-the-air)
- A way of delivering software updates or data to a vehicle wirelessly, without a dealer visit or physical connection.
- ACES mobility
- An industry shorthand for autonomous, connected, electric and shared mobility — four technology trends reshaping vehicles and how they are used.
- PEAK Matrix
- An assessment framework used by analyst firm Everest Group to rank service providers by capability and market impact.
Summarised from the linked release; details can be imperfect — always verify against the original source.