KPIT Technologies Limited's Board of Directors, in a meeting held on May 6, 2025, approved the 100% acquisition of the carved-out Global Engineering Solutions Business of Caresoft, comprising entities in the USA, UK, Mexico, and Italy. Caresoft Global is a leader in automotive benchmarking and cost reduction engineering solutions. KPIT will acquire the engineering solutions business focused on Off-highway, Truck and Bus segments, and Manufacturing Solutions.

The acquisition aims to strengthen KPIT's presence in commercial vehicle segments, accelerate its foray into China, enhance value creation through full vehicle cost reduction solutions, and provide manufacturing engineering solutions for mobility. The acquired business had revenues of US$ 44.3 million in 2022, US$ 50.0 million in 2023, and US$ 51.0 million in 2024.

The total consideration is a maximum of US$ 191 million, including US$ 25 million variable consideration based on achievement of revenue and business synergy milestones. The consideration can be paid in one or more tranches over a period of 4 years, in cash and/or equity shares (up to US$ 25 million equity, subject to shareholders' approval).

The transaction is expected to be completed over a period of 3 years and is anticipated to be EPS accretive in the first year.

The Board also approved seeking shareholder approval via Postal Ballot within the next 30 days to increase the limits of Investments/Loans/Guarantee/Security under Section 186 of the Companies Act, 2013. This is to enable optimal financing for future strategic business objectives, including the Caresoft acquisition, largely through internal accruals.