Ashok Leyland’s Hinduja Tech to Expand Presence Through TECOSIM Group Acquisition.

Hinduja Tech Limited (HT), a mobility-focused global engineering R&D services company and a subsidiary of Ashok Leyland, has announced the signing of a definitive agreement to acquire TECOSIM Group of Germany. The acquisition, made for an undisclosed sum, marks a strategic move to expand Hinduja Tech’s footprint in the European and international markets.

According to a press release, the acquisition will bolster Hinduja Tech’s global delivery capabilities, particularly in Europe, by integrating TECOSIM’s regional delivery centers and near-shore delivery offerings. This strategic alignment aims to enhance customer service and support for European clients.

The addition of TECOSIM Group, which boasts a workforce of over 650 employees, is expected to significantly augment Hinduja Tech’s engineering capabilities and market reach. TECOSIM brings extensive expertise and innovative solutions to the table, reinforcing Hinduja Tech’s position as a leading player in the engineering services sector.

The acquisition underscores Hinduja Tech’s commitment to expanding its presence in key international markets and leveraging synergies to drive growth and innovation in mobility-focused engineering solutions.

HBL