goetzpartners advised KPIT Technologies Ltd. on the sale of its subsidiary KPIT medini Technologies AG to ANSYS, Inc.
ANSYS, Inc., the global leader and innovator of engineering simulation software, has acquired Berlin-based KPIT medini Technologies AG, a leading provider of systems safety analysis solutions, from KPIT Technologies Ltd.
As products - from mobile phones to automobiles - become smarter and more complex, the need to simulate the entire system, and not just its components, is increasing rapidly. That added complexity provides new ways for products to fail, making systems safety and reliability analysis more critical than ever. Medini develops and markets solutions for systems safety analysis, reliability engineering and quality management. "With trends like autonomous vehicles and the Internet of Things, innovation has never been more important for companies, regardless of their industry. But system complexity can be a barrier to innovation for some organizations," said Eric Bantégnie, Vice President of the Embedded Systems Business Unit at ANSYS. "That's why we're excited about the systems functional safety capabilities medini adds to the broad ANSYS portfolio. Our combined solution will spark innovation in a variety of industries."
KPIT has retained goetzpartners Corporate Finance as its exclusive financial advisor in order to find a suitable successor for this highly attractive business. "We are very happy about synergy in the tools strategy for medini and ANSYS", said KPIT CEO Kishor Patil, "KPIT will continue to focus on functional safety services and be a long-term strategic partner to medini and ANSYS."
About KPIT Technologies Ltd.
KPIT is a global technology company that specializes in providing IT consulting and product engineering solutions and services to key focus industries - Automotive & Transportation, Consumer & Industrial Goods, Energy & Resources, High Tech, Life Sciences and Utilities. Headquartered in Pune, India, KPIT employs >10,800 professionals and has a global footprint with 34 offices across 16 countries. KPIT generated revenues of USD 489 million in FY 2015-16 and has a current market capitalisation of >USD 400 million.