June 14, 2024

Infosys Acquires In-tech, Expanding Its Footprint in the Automotive Sector

The acquisition of in-tech marks a significant milestone for Infosys as it seeks to bolster its presence in the automotive industry and deliver innovative solutions to clients worldwide

Infosys has revealed its definitive agreement to acquire in-tech, a leading Engineering R&D services provider focused on the German automotive industry. This strategic move underscores Infosys’ commitment to the automotive ecosystem and marks a significant expansion of its footprint across Europe.

Dinesh Rao, EVP & Co-Delivery Head, Infosys, expressed enthusiasm about the acquisition, stating, “Infosys continues to strengthen its Engineering R&D leadership with decades of experience in digital engineering. Together with in-tech, Infosys Topaz, an AI-first set of services, solutions and platforms, and recently acquired InSemi’ semiconductor’s expertise, we have successfully created deeper capabilities for the next phase of automotive innovation in the arena of software-defined vehicles.”

Headquartered in Germany, in-tech is a rapidly growing Engineering R&D services provider shaping digitization in the automotive, rail transport, and smart industry sectors. With a focus on areas such as e-mobility, connected and autonomous driving, electric vehicles (EVs), off-road vehicles, and railroads, in-tech offers a range of solutions including system design, methodical consulting, advanced electronics platform development, and validation of automotive-specific software and hardware systems.

Tobias Wagner, CEO of in-tech, expressed optimism about the partnership with Infosys, citing unprecedented growth opportunities and enhanced value for clients. Wagner noted the strategic alignment between the two companies in covering the entire end-to-end process, enabling them to meet customers’ needs more comprehensively and implement ambitious projects successfully.

The acquisition of in-tech brings Infosys a wealth of benefits, including deep client relationships with marquee German original equipment manufacturers (OEMs), extensive industry expertise, and a multidisciplinary team of 2200 professionals across various locations in Germany, Austria, China, UK, and nearshore locations in Czech Republic, Romania, Spain, and India.

Christian Wagner, Founder and Board Member of in-tech, emphasized the cultural synergy between Infosys and in-tech, highlighting shared values and a passion for innovation. Wagner expressed confidence in achieving extraordinary success through the partnership, driven by a mutual commitment to sustainability and creating a supportive work environment.

Source: https://www.dqindia.com/