KPIT Technologies Limited (NSEI:KPITTECH) entered into a definitive Share Purchase Agreement to acquire Caresoft Global Inc., CAREG LOTECH de RL de CV and Oxi S.R.L from Caresoft Global Holdings Limited, Sabella Davies and Richard Ambadipudi for approximately $190 million on May 6, 2025. Total consideration for acquisition will be a maximum of $191 million, including $25 million variable consideration swap or any other form and based on achievement of revenue and other business synergy details of the same milestones. This total consideration can be paid in one or more tranches over a period of 4 years with cash consideration and/or equity shares at the option of KPIT for an amount not more than $25 million, subject to shareholders' approval. As of August 8, 2025, the parties together renegotiated the consideration amount for Caresoft. Subsequently, the amount for acquisition of Caresoft is finalized at total consideration up to $157 million including $15 million variable pay based on achievement of revenue and other business synergy milestones. This consideration can be paid for in one or more tranches over a period of 4 years. Other terms & conditions of said agreement remain unchanged. KPIT will acquire the carved-out Caresoft Global?s Engineering Solutions business globally. Aligned with the needs of Global OEMs and KPIT?s goals, this partnership will create multi-dimensional synergies. As of August 15, 2025, KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA have paid the Initial Consideration of $51 million. As of October 10, 2025, KPIT Technologies (UK) Limited has paid $6 million for acquiring 100% equity shares of OXI SRL Italy.

For the period ending December 31, 2024, Caresoft Global Inc., CAREG LOTECH de RL de CV, Oxi S.R.L and Caresoft Engineering Business reported total revenue of $51 million.

The transaction is subject to approval of offer by acquirer board and approval of offer by target shareholders. The deal has been approved by the board. On June 23, 2025, it was announced that the transaction is expected to close by the end of the current quarter.

Avendus Capital Private Limited act as financial advisor for KPIT Technologies Limited. Khaitan & Co. acted as a legal advisor to KPIT Technologies.

KPIT Technologies Limited (NSEI:KPITTECH) completed the acquisition of Caresoft Global Inc., CAREG LOTECH de RL de CV and Oxi S.R.L from Caresoft Global Holdings Limited, Sabella Davies and Richard Ambadipudi on October 28, 2025