Infosys to Acquire in-tech, an Engineering R&D Services Provider in Europe

Infosys, a global leader in next-generation digital services and consulting, has announced a definitive agreement to acquire in-tech, a leading provider of Engineering R&D services focused on the German automotive industry. This strategic investment bolsters Infosys’ Engineering R&D capabilities and reaffirms its ongoing commitment to assisting global clients in navigating their digital engineering journey.

Based in Germany, in-tech is among the fastest-growing providers of Engineering R&D services, shaping digitization in the automotive, rail transport, and smart industry sectors. in-tech specializes in developing solutions for e-mobility, connected and autonomous driving, electric vehicles (EVs), off-road vehicles, and railroads. Their offerings include system design, methodical consulting, advanced electronics platform development, and validation of automotive-specific software and hardware systems, as well as infotainment and experience validation.

In-tech, with its multidisciplinary team of 2200 people across locations in Germany, Austria, China, the UK, and nearshore locations in the Czech Republic, Romania, Spain, and India, brings to Infosys marquee German original equipment manufacturers (OEMs), deep client relationships, and extensive industry expertise.

“Infosys continues to strengthen its Engineering R&D leadership with decades of experience in digital engineering. Together with in-tech, Infosys Topaz, an AI-first set of services, solutions, and platforms, and recently acquired InSemi’s semiconductor expertise, we have successfully created deeper capabilities for the next phase of automotive innovation in the arena of software-defined vehicles. We are excited to welcome in-tech and its leadership team into the Infosys family”, said Dinesh Rao, EVP & Co-Delivery Head, Infosys.

“The automotive industry today is going through a pivotal change, with connected, autonomous, and electric vehicles, and most importantly software-defined vehicles. Electronics and software will drive value for next-generation vehicles. Infosys’ leadership with comprehensive offerings serving global auto OEMs, tier-one, and e-mobility start-ups, coupled with in-tech engineering prowess presents a differentiated value to our clients bringing high-quality innovative products to market faster”, said Jasmeet Singh, EVP and Global Head of Manufacturing, Infosys.

Tobias Wagner, the in-tech CEO, said, “Over the past 22 years, we have created an impressive company history, characterized by organic growth, strategic acquisitions, and high profitability. This strategic partnership with Infosys represents a decisive turning point for us: It opens up unprecedented growth opportunities and also adds tremendous value to our offering for our clients. Together we now cover the entire end-to-end process, a step that is crucial to fully meet our customers' needs. With access to more talent and expertise, we gain incredible strength and scale in our delivery capability, enabling us to successfully implement even more ambitious projects.”

in-tech Founder and Board Member, Christian Wagner, added, “When choosing Infosys, it was important to us that not only the business goals but also the corporate cultures harmonize. I am thrilled that Infosys and in-tech are not only on the same wavelength in terms of innovation and technology but that we also share the same values - be it our passion for sustainability or our desire to create a work environment where everyone feels valued. This cultural fit amplifies my belief that we will achieve extraordinary success together.”

The acquisition is anticipated to be finalized during the first half of fiscal year 2025, pending customary closing conditions and regulatory approvals.