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This is with reference to our intimation dated May 6, 2025, wherein we had informed about the acquisition of Caresoft (Caresoft Global Technologies, Inc. USA, Caresoft Engineering Services Limited, UK, CAREGLOTECH de RL de CV Mexico, OXI SRL Italy) for total consideration of up to US$191 Million. Further to the completion of customary closing conditions and overall changes in the macros business environment, the parties together renegotiated the consideration amount for Caresoft. Subsequently, the amount for acquisition of Caresoft is finalized at total consideration up to US$ 157 Million (including US$ 15 Million variable pay based on achievement of revenue and other business synergy milestones). This consideration can be paid for in one or more tranches over a period of 4 years. Other terms & conditions of said agreement remain unchanged.
This acquisition will strengthen KPIT's Vehicle Engineering & Design and Truck, Off-Highway offerings as it will integrate downstream engineering and benchmarking services. This will help the company achieve a faster go-to market for products, resulting in cost savings for OEMs.
The Board of KPIT Technologies at its meeting held on 08 August 2025 as approved increasing its stake to 51% at a consideration of Euro 6.5 million in N-Dream, a Cloud based Game Aggregation Platform company, based in Switzerland.
Consequently N-Dream will become a subsidiary of the Company. Going forward the Company shall acquire a stake up to 90% in two or more tranches during the current financial year.
Earlier in July 2024, the company had acquired 13% shareholding in N-Dream to take the total shareholding of KPIT to 26% in N-Dream.
Helm.ai builds advanced Al software for self-driving cars. They help OEM to develop safe, scalable, and cost-effective autonomous driving systems-from basic driver assistance to full autonomous driving vehicles. Their software uses cutting-edge Al models and doesn't rely heavily on expensive sensors like lidar.
In alignment with KPIT's strategic focus on Software-Defined Vehicles (SDV), the partnership with Helm.ai provides access to advanced Al software for autonomous driving and data generation, shall strengthen joint go-to-market efforts with KPIT leading integration and deployment, enables customization for India and other emerging markets, and opens opportunities to develop Al solutions in mobility industry.