Infosys to Snap Engineering R&D Services Provider in-tech Focused on German Automotive Industry for Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Infosys announced its acquisition of in-tech, an engineering R&D services provider focused on the German automotive industry. The financial terms of the deal were not disclosed.
April 18, 2024 | 11:28 am
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Infosys's acquisition of in-tech could enhance its capabilities and market presence in the automotive R&D sector, particularly in Germany.
The acquisition of in-tech by Infosys is likely to be viewed positively by investors, as it could open up new revenue streams and strengthen Infosys's position in the automotive R&D sector, a critical area for future growth. The lack of financial details makes it challenging to assess the immediate financial impact, but strategically, this move is expected to enhance Infosys's service offerings and market penetration in the German automotive industry.
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