KPIT Technologies has increased its stake in N Dream AG with the acquisition of 62.9% shareholding of N Dream AG. The company has acquired the stake through its wholly owned subsidiary -- KPIT Technologies (UK) for a consideration of 16.35 million euros. Subsequently, the total of shareholdings of KPIT group has reached to 88.9% in N Dream AG and N-Dream AG has become a step-down subsidiary of the company.
N-Dream AG is a Cloud based Game Aggregation Platform company, based in Switzerland. This strategic investment in N Dream AG is part of company’s roadmap to enable Automotive OEMs enhance the driver & passenger experience in the Cockpit of the Future. The company will offer complementary software integration & validation services to N-Dream AG’s Automotive clients. Both parties will collaborate towards offering value-added data products for Automotive OEMs, thereby enabling them to create additional monetizable experiences & features.
KPIT Technologies is a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart and connected future.
