Caresoft Global, a recognized leader in automotive benchmarking, cost reduction strategies, and engineering solutions has announced a strategic realignment and the beginning of a new phase in its growth journey. The company will restructure its operations into three focused business units:
- Benchmarking, Technology Optimization & Cost Reduction Engineering
- Engineering Talent Solutions
- Engineering Solutions
As part of this transformation, KPIT Technologies, a global leader in software-defined vehicles (SDVs), embedded systems, and system integration will acquire Caresoft Global’s Engineering Solutions business, with a particular emphasis on the off-highway, truck, and bus segments globally.
Caresoft Global will continue to strengthen its core automotive vertical while collaborating with KPIT to expand its benchmarking and cost reduction business into emerging areas such as software benchmarking. Together, the companies will develop unique market differentiators and explore joint implementation opportunities.
Given China’s leadership in vehicle electrification, AI, modular vehicle architectures, and aggressive cost leadership, Caresoft Global will leverage its strong market presence and deep relationships in the region to support this partnership. The goal is to channel Chinese innovation into global markets through a unified strategic vision with KPIT.
“This is a defining moment for Caresoft,” said Mathew Vachaparampil, CEO of Caresoft Global. “The strength of this partnership is greater than the sum of its parts. While our engineering services are moving into great hands, Caresoft and KPIT will now focus on delivering greater value to customers seeking to save costs in a world of rapid technological evolution and geopolitical complexities. We will jointly deliver more value to our automotive customers in terms of technology, cost, and speed to market.”
In a statement, Kishor Patil, Co-founder, CEO & Managing Director of KPIT Technologies, said, “We are excited to welcome Caresoft Global’s Engineering Solutions business to the KPIT family. At KPIT, we are deepening relationships with trucks and off-highway makers and accelerating our foray into China. Also, OEMs across segments are looking for a partner who can bring more agility and cost efficiency by taking an integrated view of software, hardware, and manufacturing. With Caresoft Global’s strong expertise, we have a strategic partnership which will bring unparalleled value to the mobility ecosystem.”
Continuity of Leadership
Key leaders from Caresoft Global’s Engineering Solutions division, including Caresoft veteran and President of Engineering, Kalyan Nagarajan, and his team, will transition to KPIT to ensure leadership continuity and sustained growth.
“I am confident that with strong synergistic capabilities, shared values, a customer-centric approach, and KPIT’s laser-focused execution, we are well-positioned to deliver more value to our existing off-highway and truck & bus customers,” said Kalyan. “We are also now set up with the depth and scale to expand our vehicle engineering, cost transformation, and manufacturing solutions.”
