Infosys on Thursday announced a definitive agreement to acquire in-tech, an Engineering R&D services provider focused on the German automotive industry. This strategic investment, Infosys said, further strengthens the company’s Engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey
Headquartered in Germany, in-tech, is an Engineering R&D services provider that shapes digitization in the automotive, rail transport and smart industry sectors. intech offerings include system design, methodical consulting, advanced electronics platform development and validation of automotive specific software and hardware systems, infotainment, and experience validation.
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, “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.”
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.
