Stock Report

KPIT Technologies Limited completes acquisition of balance stake in PathPartner

Posted On : 2024-04-21 19:22:51( TIMEZONE : IST )

KPIT Technologies Limited completes acquisition of balance stake in PathPartner

As per the Share Purchase Agreement, KPIT Technologies Limited has acquired balance stake in PathPartner. Accordingly, PathPartner has become a wholly owned subsidiary of the Company. The acquisition will:

- Strengthen KPITs software integration capabilities and help deliver complex software solutions for new-age vehicle architectures.

- Early access to semiconductor technologies by leveraging PathPartner centers of excellence and technical assets for automotive OEMs and Tier 1s.

- Provide compelling value in performance engineering of complex high compute domain controller software in Autonomous, Infotainment, Connected, and Electrification domains.

PathPartner Technology, a member of KPIT Group, is a product engineering and R&D specialist company helping its clients to develop, productize, and maintain advanced technology solutions. With extensive expertise in embedded operating systems, low-level processor architectures, hardware-accelerated computer vision, deep learning, radar, imaging technologies, and multimedia, PathPartner provides next-gen technology solutions to customers in automotive and intelligent edge devices.

PathPartner is an Indian company which currently employs 350+ people. It is headquartered in Bengaluru, with R&D centers in Kochi, India; California, USA and a office in Frankfurt, Germany.

Shares of KPIT Technologies Limited was last trading in BSE at Rs. 1408.45 as compared to the previous close of Rs. 1397.45. The total number of shares traded during the day was 23977 in over 2197 trades.

The stock hit an intraday high of Rs. 1413.55 and intraday low of 1370.80. The net turnover during the day was Rs. 33403742.00.

Source : Equity Bulls


KPITTechnologies INE04I401011 Acquisition BalanceStake PathPartner