KPIT Technologies acquires 50% Bharat Forge stake in Impact Automotive Solutions

09 Sep 2014

KPIT Technologies has acquired the 50 percent stake held by Bharat Forge in Impact Automotive Solutions, an equal joint venture between the Company and Bharat Forge, formed for the manufacture of hybrid solutions for automotives. The stake was acquired by the Company for Rs 10.80 crore. After this transaction, Impact Automotive Solutions has become a wholly owned subsidiary of the Company.

KPIT Technologies is one of the fastest growing global product engineering and IT consulting partners, focused on co-innovating domain intensive technology solutions for automotive & transportation, manufacturing and energy & utilities corporations.

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