Birlasoft Ltd.

KPIT, product engineering and IT consulting partner to Automotive, Manufacturing and Energy companies, has completed agreement for a strategic partnership in a Germany headquartered Engineering Services Company. The fixed consideration will be Euro 9.3 Million. The total consideration will include additional variable consideration, which is based on achievement of certain financial parameters over the next 4 years.

The strategic partner, MicroFuzzy, has over 20+ years of proven engineering expertise on Power-train systems and Drivetrain Electronics. It has core expertise in the areas of Software development for E-Mobility, E/E Architecture, End to End Test and Validation solutions for powertrain components. This partnership gives KPIT access to around 150+ specialized engineers.

Headquartered in Pune (India), KPIT is a global technology company that specializes in providing IT Consulting and Product Engineering solutions and services to key focus industries. The company reported 23.88% fall in its consolidated net profit of Rs 56.18 crore for the quarter ended September 30, 2016 as compared to Rs 73.80 crore for the same quarter in the previous year.