Hinduja Tech Acquires TECOSIM Group in €20 Million Deal with JSA’s Support
JSA Advocates & Solicitors advised Hinduja Tech Limited on acquiring the TECOSIM Group for approximately €20 million.
JSA’s role encompassed the Indian leg of this global transaction. The team conducted due diligence on TECOSIM Group’s Indian subsidiary, structured the India-related aspects of the deal, and provided counsel on foreign direct investment regulations. JSA also facilitated the negotiation, drafting, and signing of documentation for the India-specific portion and supported closing and post-closing activities.
The JSA Transaction Team included Trisheet Chaterjee (Partner), Sarvesh Kumar Saluja (Partner), Neural Jain (Associate), and Purboday Patitunda (Associate). They were supported by the Competition Team, which included Vaibhav Choukse (Partner), Ela Bali (Partner), and Faiz Siddiqui (Associate).
Hinduja Tech, a subsidiary of Ashok Leyland, is a global engineering and R&D services provider specializing in mobility solutions. The acquisition of TECOSIM Group, a leading European engineering services firm, marks a significant milestone in Hinduja Tech’s strategic expansion, particularly in the European market.
TECOSIM, before the acquisition, was renowned for its expertise in virtual validation, body engineering, and advanced simulation technologies, operating in countries such as the UK, Germany, Romania, Japan, and India, with over 650 employees.
This acquisition, finalized on November 29, 2024, aligns with Hinduja Tech’s vision of becoming one of the top 10 global mobility engineering and R&D companies. By integrating TECOSIM’s capabilities, Hinduja Tech aims to enhance its offerings in virtual validation and engineering solutions, strengthening its presence in the automotive and mobility sectors.
Founded in 2009 and headquartered in Chennai, India, Hinduja Tech focuses on integrated product engineering and digital technology services, with a strong emphasis on disruptive mobility segments like electric and autonomous vehicles.
