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As a knowledge partner of this program, HCLTech will help foster an ecosystem in which Indian startups can develop innovative services, hardware and software solutions with focus on education, healthcare and agri-tech, creating significant economic, social and environmental impact.
The acquisition will help the IT services firm strengthen its capabilities in autonomous driving, e-mobility and connectivity; and expand into key automotive markets in Europe, Americas and Japan.
Information Technology behemoth HCLTech has acquired a 100 per cent equity stake in German automotive engineering services provider ASAP Group, said a company filing. This acquisition will help the IT company gather momentum in areas such as autonomous driving, e-mobility and connectivity; and expand into key automotive markets in Europe, America and Japan.
Get latest articles and stories on Latest News at LatestLY. HCL Technologies has signed a definitive agreement to acquire 100 per cent stake in ASAP Group, a German automotive engineering services provider, for EUR 251.1 million (about Rs 2,300 crore), according to a BSE filing. Latest News | HCLTech to Acquire German E-mobility Tech Provider for About Rs 2,300 Cr.
ASAP focuses on future-oriented automotive technologies in areas such as autonomous driving, e-mobility and connectivity.