Infosys, digital services and consulting company, on Thursday, acquired In-tech, automotive solution provider, by signing a definitive agreement to expand its footprints in Europe as well as bring innovation to the automotive industry.
The Indian-based firm said this acquisition will enhance engineering research and development (R&D) capabilities. Additionally, the firm-added In-tech will bring marquee German original equipment manufacturers (OEMs) client relationships and industry expertise from around the globe. The firm looks to complete the acquisition in the first half of fiscal 2025.
In late February, Infosys launched Responsible AI (RAI) which is a part of Infosys Topaz, AI-first set of services, solutions and platforms using generative AI (GenAI) technologies.
“Together with In-tech, Infosys Topaz, an AI-first set of services, solutions, and platforms, and recently acquired In Semi’ semiconductor’s expertise, we have created deeper capabilities for the next phase of automotive innovation in the arena of software-defined vehicles,” said Dinesh Rao, Executive Vice President of Infosys.
“This strategic partnership with Infosys represents a decisive turning point for us, it opens up unprecedented growth opportunities and also adds tremendous value to our offering for our clients,” said Tobias Wagner Executive Chief of in-tech.
Founded in 2002, In-tech is a medium-sized firm which develops innovative solutions for the automobile, smart city, and smart factory. The firm creates solutions for intelligent transportation, such as vehicle sharing, bike sharing, and other smart functionalities. The firm is spread across 8 countries including Germany, Austria, China, the Czech Republic, the UK, Romania, Spain, and India.
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