KPIT Technologies Limited — JV/Acquisition, 06-05-2026: Acquisition

KPIT Technologies is acquiring Cymotive, an Israel-based automotive cybersecurity specialist, for an initial investment of USD 10 million. The total consideration for a 100% stake is expected to be between USD 60-120 million. This strategic move bolsters KPIT's automotive cybersecurity capabilities, a crucial extension of its core software-defined vehicle (SDV) business. The acquisition enhances KPIT's offerings to global OEMs, integrating cybersecurity from design to operations, and is expected to drive new product and licensing-led revenue streams, strengthening its position in the evolving auto tech landscape.