The acquisition underlines Infosys' commitment to the automotive sector and strengthens the company's presence in Europe 

Infosys, a global leader in digital services and consulting, has announced the acquisition of in-tech, a prominent provider of research and development (R&D) services focused on the German automotive industry. This strategic move reinforces Infosys' commitment to enhancing its engineering R&D capabilities and supporting its global customers in their digital engineering journey.

1. Strategic Investment in Automotive R&D:
   - The acquisition of in-tech bolsters Infosys' expertise in automotive engineering R&D, particularly in areas such as e-mobility, connected and autonomous driving, electric vehicles, and rail transport. in-tech's solutions encompass system design, methodological consulting, electronics platform development, and validation of automotive-specific software and hardware systems.

2. Expansion of Capabilities:
   - With a team of 2,200 employees across various locations in Germany, Austria, China, the UK, and other countries, in-tech brings deep industry expertise and strong relationships with German original equipment manufacturers (OEMs) to Infosys. This acquisition expands Infosys' capabilities in delivering innovative solutions for the next phase of automotive innovation, including software-defined vehicles.

3. Enhanced Customer Value:
   - Infosys aims to leverage in-tech's technical prowess to provide enhanced value to its customers in the automotive industry. By combining Infosys' comprehensive offerings with in-tech's expertise, the company aims to accelerate the development and delivery of high-quality, innovative products in areas such as connected, autonomous, and electric vehicles.

4. Cultural Alignment and Growth Opportunities:
   - The decision to partner with Infosys was influenced by the alignment of corporate cultures and values between the two companies. The founders and leadership teams of both Infosys and in-tech emphasize a shared commitment to innovation, technology, sustainability, and creating a positive work environment.
   - The acquisition is seen as a pivotal moment for in-tech, offering unprecedented growth opportunities and enabling the company to meet the evolving needs of its customers more effectively.

5. Expected Closing and Impact:
   - The acquisition is anticipated to close in the first half of fiscal 2025, subject to customary closing conditions and regulatory approval. Upon completion, Infosys expects to further strengthen its position in the automotive industry and accelerate its growth trajectory in the engineering R&D domain.

The acquisition of in-tech underscores Infosys' strategic focus on expanding its engineering R&D capabilities and providing cutting-edge solutions to its global customers in the automotive industry. By combining in-tech's expertise with its own comprehensive offerings, Infosys aims to drive innovation, accelerate product development, and deliver tangible value to its customers in the evolving automotive landscape.