KPIT Technologies Limited (NSEI:KPITTECH) agreed to acquire FMS Future Mobility Solutions GmbH for ?15.6 million on September 22, 2021. Consideration will be paid in cash. KPIT will acquire 25% upfront and the balance shareholding over FY 2023 and FY 2024. In 2020, FMS generated revenue of ?4.3 million. Majority shareholding is expected to be acquired in the last quarter of the Financial Year 2022-23. In financial quarter 2 ending September 30, 2021, KPIT Technologies acquired 25% stake.