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Hinduja Tech acquires Tecosim Group for €21 million · Endata

◂ Announcements

Jul 17, 2024ACQUISITIONWiesbaden, Germany, Germany

Hinduja Tech acquires Tecosim Group for €21 million

Hinduja Tech Ltd., a subsidiary of Ashok Leyland, signed a definitive agreement to acquire Germany-based Tecosim Group for €21 million (about Rs 190 crore), broadening its presence in European mobility engineering services.

Value

$22.8M (21.0M EUR)

Status

Announced

Productsmobility engineering servicessustainable transport solutions

CompaniesAshok Leyland investor Hinduja Tech acquirer Tecosim Group target

Sectors#Automotive Components

“This acquisition aligns with our strategic goal to become a global leader in the mobility engineering services.”ndtvprofit.com

1 source
ndtvprofit.comHinduja Tech To Acquire Tecosim Group For Rs 190 CrorePTIJul 17, 2024

Summarized from public sources; check the original articles before acting on it.

More from Ashok Leyland

Jul 30, 2021PARTNERSHIP$18.0M
Switch Mobility and Dana form strategic agreement with $18M investment
Switch Mobility Ltd Dana Incorporated partner thehindubusinessline.com
Jun 14, 2021ACQUISITIONIndia
Switch Mobility Ltd acquires Switch Mobility Automotive Ltd
Ashok Leyland partner Switch Mobility Ltd acquirer thehindubusinessline.com
Aug 24, 2018CONTRACTIndia
Ashok Leyland bags tracked combat vehicle order from Indian armed forces
Ashok Leyland Combat Vehicles Research and Development Establishment partner business-standard.com army-technology.com
Aug 15, 2018CONTRACTIndia
Motorpal wins billion-crown contract with Ashok Leyland
Ashok Leyland customer Motorpal supplier auto.hn.cz
Aug 11, 2017CONTRACTIndia
Ashok Leyland receives Rs 120 crore order from Rivigo
Ashok Leyland supplier Rivigo customer motownindia.com
Jun 21, 2017ACQUISITIONIndia$17.0M
Polyhose Group acquires Ashok Leyland-John Deere JV facility
John Deere target Ashok Leyland target mnacritique.mergersindia.com

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