KPIT Cummins Completes Merger of In2Soft GmbH

The deal is pegged at around 4 million Euros. InsSoft, a munich based firm, has 40 engineers working on various projects for almost all German OEMs. Speaking exclusively to Autocar Professional, Kishor Patil, MD & CEO, KPIT Cummins said that the acquisition was essential for the company to have a presence in Germany as many OEMs there prefer to do business with local suppliers.

The deal is in line with KPIT Cummins’ stated growth strategy to sharply focus on select industries and achieve market leadership by creating best in class offerings for its global customers. This agreement is expected to result in increased profitability, greater efficiencies and increased market share.

KPIT Cummins estimates that the worldwide automotive diagnostics market is slated to grow at a faster pace accelerated by the Euro 5/6 (Europe) and EPA (USA) regulations, WWH-OBD. In2Soft is a leader in new standards in diagnostics (MVCI, ODX, OTX, D-PDU API, DoIP) and offers a complete tool chain (as product) for diagnostic communication (wired, wireless, remote, internet) to several European OEMs and Tier1s.

Also, KPIT’s customers across US, Asia Pacific (APAC) and emerging markets will get access to highly advanced automotive diagnostics solutions and In2Soft’s customers will be able to leverage KPIT’s product engineering capabilities across multiple automotive sub-systems.

Commenting on the acquisition, Kishor Patil, MD & CEO, KPIT Cummins said that “Vehicle diagnostics are very high on automotive OEMs priority worldwide and we will now leverage the technology developed by In2Soft to service automotive OEMs across US and emerging markets in addition to Europe.

“We are very happy to join KPIT Cummins which is very sharply focused on the automotive industry. KPIT’s larger geographic presence across US, Europe and APAC will complement our strong relationships in the German automotive industry. We are confident that our combined and complementary strengths will help us create a leadership position in the diagnostics & telematics space and accelerate growth by creating more value for our customers.” Guven Kivran, Managing Director, In2Soft.

The new deal comes less than a month after KPIT Cummins acquired US based CPG Solutions, a provider of premium Oracle Consulting services to manufacturing & supply chain companies.