KPIT Technologies Limited has informed the stock exchanges about the updated details regarding its acquisition of Caresoft, comprising Caresoft Global Technologies, Inc. (USA), Caresoft Engineering Services Limited (UK), CAREGLOTECH de RL de CV (Mexico), and OXI SRL (Italy).
In a filing made with BSE Limited and the National Stock Exchange of India, KPIT stated that the total consideration for the acquisition has been revised to up to $157 million. This follows a renegotiation between the parties, taking into account the completion of customary closing conditions and evolving macroeconomic and business environment factors. The revised amount includes up to $15 million in variable payment, contingent upon the achievement of specified revenue and business synergy milestones.
This update follows KPIT’s earlier disclosure on May 6, 2025, when the proposed transaction was initially announced with a total consideration of up to $191 million.
In preparation for the transaction, KPIT Technologies Limited infused EUR 28 million into KPIT Technologies (UK) Limited and $28 million into KPIT Technologies Holding Inc., USA, as equity capital.
Following the satisfaction of all conditions precedent, KPIT’s subsidiaries—KPIT Technologies (UK) Limited and KPIT Technologies Inc., USA—have completed the initial phase of the acquisition by paying an initial consideration of $51 million to acquire 100% of the equity shares of Caresoft Global Technologies, Inc. (USA), Caresoft Engineering Services Limited (UK), and CAREGLOTECH de RL de CV (Mexico).
The integration of Caresoft is expected to strengthen KPIT’s global engineering and digital transformation capabilities across key automotive markets.