Infosys announces acquisition of in-tech to boost engineering R&D in automotive sector
Infosys, a global leader in next-generation digital services and consulting, today declared a definitive agreement to acquire in-tech, a prominent Engineering R&D services provider focused on the German automotive industry. This acquisition, valued at an undisclosed amount, is poised to significantly enhance Infosys’ Engineering R&D capabilities, especially in the burgeoning field of automotive technology.
Headquartered in Germany, in-tech has carved a niche for itself as one of the fastest-growing Engineering R&D service providers, primarily shaping the digitization of the automotive, rail transport, and smart industry sectors. The company specializes in e-mobility, connected and autonomous driving, electric vehicles (EVs), off-road vehicles, and railroad systems. in-tech’s offerings span system design, methodical consulting, advanced electronics platform development, and the validation of automotive-specific software and hardware systems, including infotainment and experience validation.
With a robust multidisciplinary team of 2200 professionals spread across Germany, Austria, China, the UK, and nearshore locations in the Czech Republic, Romania, Spain, and India, in-tech brings to Infosys deep client relationships with marquee German original equipment manufacturers (OEMs) and extensive industry expertise.
Dinesh Rao, EVP & Co-Delivery Head at Infosys, expressed enthusiasm about the acquisition: “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’s semiconductor expertise, we have successfully created deeper capabilities for the next phase of automotive innovation in the arena of software-defined vehicles. We are excited to welcome in-tech and its leadership team into the Infosys family.”
Jasmeet Singh, EVP and Global Head of Manufacturing at Infosys, highlighted the transformation in the automotive industry, emphasizing the role of electronics and software in driving value for next-generation vehicles. “Infosys’ leadership with comprehensive offerings serving global auto OEMs, tier-one, and e-mobility startups, coupled with in-tech’s engineering prowess presents a differentiated value to our clients, bringing high-quality innovative products to market faster,” said Singh.
Tobias Wagner, CEO of in-tech, commented on the strategic partnership, “This strategic partnership with Infosys represents a decisive turning point for us: It opens up unprecedented growth opportunities, and also adds tremendous value to our offering for our clients. Together we now cover the entire end-to-end process, a step that is crucial to fully meet our customers’ needs.”
Christian Wagner, in-tech Founder and Board Member, emphasized the cultural fit between the two companies: “When choosing Infosys, it was important to us that not only the business goals but also the corporate cultures harmonize. I am thrilled that Infosys and in-tech are not only on the same wavelength in terms of innovation and technology, but that we also share the same values – be it our passion for sustainability or our desire to create a work environment where everyone feels valued.”
The acquisition is slated to close during the first half of fiscal 2025, pending customary closing conditions and regulatory approvals.
This strategic move by Infosys is expected to solidify its position as a leader in digital engineering, particularly within the automotive sector, enhancing its capability to support clients through their digital transformations effectively.
This acquisition by Infosys represents a significant step forward in consolidating its expertise and capabilities in the automotive R&D sector. By integrating in-tech’s specialized skills and regional influence, Infosys not only diversifies its service offerings but also strengthens its global footprint in the automotive industry, particularly in Europe. This move is likely to set new industry standards in digital engineering and automotive innovations.