On April 19, KPIT Technologies Limited announced that it has now acquired the balance stake in PathPartner. Accordingly, PathPartner has become a wholly owned subsidiary of the company. The total cost of acquisition of a 100% stake has not exceeded INR 1,910 million. The acquisition will strengthen KPIT software integration capabilities and help deliver complex software solutions for new-age vehicle architectures.
It will also provide early access to semiconductor technologies by leveraging PathPartner centers of excellence and technical assets for automotive OEMs and Tier 1s. Further, it will enhance the performance engineering of complex high-compute domain controller software in autonomous, infotainment, connected, and electrification domains. PathPartner Technology is a member of KPIT Group, is a product engineering and R&D specialist company
Based on the KPIT Technologies Ltd. stock exchange notification