GlobalLogic acquires automotive specialist Katzion to enhance mobility solutions
GlobalLogic, a leader in Digital Engineering and a part of the Hitachi Group, has announced a definitive agreement to acquire Katzion, a Sydney-based engineering firm specializing in automotive applications. This strategic acquisition marks a significant expansion for GlobalLogic in the mobility sector and will bolster its geographic presence in key markets including Australia/Asia-Pacific, Spain, and the Middle East.
Founded in 2017, Katzion has established itself as a leading provider of specialized services in the automotive industry. The firm excels in technology solutions including CRM consulting, digitization, automation, and connected systems. The addition of Katzion to GlobalLogic’s portfolio is set to broaden the company’s offerings in the automotive domain, particularly in emerging segments like micro-mobility, fleet vehicles, and rental cars.
GlobalLogic and Katzion Join Forces, Expanding Digital Engineering in Automotive Sector
Enhanced Service Offerings and Geographic Expansion
With Katzion’s expertise, GlobalLogic is poised to offer new service lines centered around direct-to-consumer initiatives, aiding automotive companies in focusing on customers throughout vehicle lifecycles. This acquisition not only enhances GlobalLogic’s service capabilities but also extends its reach into new regions, thereby strengthening its position in the global market.
Leadership Statements on the Acquisition
Nitesh Banga, President, and CEO of GlobalLogic, expressed excitement over the acquisition, highlighting the opportunity to better serve OEMs with Katzion’s expertise and services. Augustine Alexander, Co-founder and CEO of Katzion, viewed the acquisition as an ideal next step for Katzion’s growth, aligning with GlobalLogic’s ambitions and culture.
Transaction Details and Future Operations
The terms of the transaction were not disclosed. Following the acquisition, Katzion will continue to operate under its existing leadership and staff as a fully owned subsidiary of GlobalLogic. This move ensures continuity in Katzion’s operations while integrating its specialized services into GlobalLogic’s global strategy.