Hinduja Tech Acquires TECOSIM Group

Tech Mahindra Acquires Com Tec Co IT Ltd; Invests in SWFT and Surance

January 17, 2022

IT Services

Tech Mahindra has acquired 100% of Com Tec Co IT Ltd (CTC) for approximately €310 million (including earnouts) to bolster its digital engineering capabilities and scale a European nearshore delivery footprint. Concurrently, Tech Mahindra invested a total of €20 million to take 25% stakes each in InsurTech platforms SWFT and Surance to strengthen its insurance-focused SaaS and cyber-insurance offerings.

HTEC Acquires SYRMIA

February 13, 2024

IT Services

HTEC has acquired SYRMIA, an embedded software engineering firm based in Belgrade, Serbia, to expand its AI, machine learning, and embedded systems capabilities. The deal strengthens HTEC's engineering footprint in Southeast Europe and provides growth opportunities for the combined team's talent and client offerings.

HTEC Acquires eesy-innovation to Boost IoT, Embedded and AI Capabilities

November 7, 2024

IT Services

HTEC, a San Mateo-based digital product development and engineering company, has acquired Munich- and Granada-based eesy-innovation, an end-to-end IoT and embedded hardware/software engineering firm. The deal strengthens HTEC's embedded, IoT and AI capabilities and expands its footprint in the EU, particularly the DACH region.

Hinduja Tech Acquires Drive System Design

December 6, 2022

Automotive

Hinduja Tech has acquired Drive System Design (DSD), an engineering consultancy specializing in electrified propulsion, driveline and transmission systems. The deal expands Hinduja Tech's eMobility and powertrain capabilities and adds DSD’s design and testing facilities in the UK and the US to HT’s global engineering platform.

ECI Software Solutions Acquires ES Tech Group

October 7, 2022

Cloud & SaaS

ECI Software Solutions has completed the acquisition of ES Tech Group, a U.K.-based B2B eCommerce software and services company. The deal expands ECI's cloud-based eCommerce portfolio and brings ES Tech's platform and growth-agency capabilities into ECI's suite to better serve SME manufacturers, distributors and wholesalers.

HEICO Corporation Acquires Connect Tech Inc.

August 19, 2020

Manufacturing

HEICO Corporation's Electronic Technologies Group acquired 89.99% of Connect Tech Inc. for cash, with potential additional earn-out consideration. Connect Tech will continue operating from its 20,000-square-foot facility in Guelph, Ontario; founder David Worthen remains president and retains the minority stake, and the business (≈65 employees) will support HEICO's capabilities in rugged embedded computing for aerospace, defense, transportation and smart energy markets.