# 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.

- Type: Acquisition
- Announced: 2024-07-17
- Where: Wiesbaden, Germany, Germany
- Value: $22.8M (21.0M EUR)
- Status: announced
- Products: mobility engineering services, sustainable transport solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ashok Leyland](https://endata.com/companies/17100.md) (investor)
- [Hinduja Tech](https://endata.com/companies/78680.md) (acquirer)
- [Tecosim Group](https://endata.com/companies/78681.md) (target)

## Sources

- [ndtvprofit.com](https://www.ndtvprofit.com/business/biz-hinduja-tech-tecosim-9985122), 2024-07-17: "This acquisition aligns with our strategic goal to become a global leader in the mobility engineering services."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.