To create two entities focused on Automotive Engineering and Mobility Solutions and Digital Business IT Company
The KPIT promoters join The CK Birla Group owned Birlasoft, in launching an open offer for the minority shareholders of KPIT. KPIT and the CK Birla Group owned Birlasoft, will work closely to first merge Birlasoft into KPIT and later split the combined entity of KPIT and Birlasoft into two public companies: USD 200+ million company focused on Automotive Engineering and Mobility Solutions ('KPIT Technologies') and a USD 500+ million Enterprise Digital Business IT Services Company ('Birlasoft').Transaction Highlights
Creates new KPIT Technologies, a global leader in Automotive Engineering and Mobility Solutions, which will evolve from the current Engineering business of KPIT
Creates a new leader in the mid-tier IT services space: The new Digital Business IT Services company will grow the Birlasoft brand by combining it with the KPIT ITSS business, which is a world leader in Digital Enterprise Solutions (SAP, JD Edwards, Oracle), IoT, Cloud and Digital Transformation
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