KPIT Technologies, the Puna, India-headquartered business helping to make software-defined automotive vehicles a reality, has bought Abingdon-based cloud-based vehicle diagnostics specialist SOMIT solutions.
SOMIT enables after-sales operations of high tech luxury and new age original equipment manufacturers through a cloud-based vehicle diagnostics platform and expert consulting services.
Vehicle complexity is outgrowing existing servicing capabilities due to rapidly evolving software-centric architectures, high-tech automotive engineering, and an acute shortage of trained and certified service technicians across the globe.
SOMIT’s cloud-based platform features an intelligent and intuitive diagnostics solution that will enhance a service technician’s user experience and improve service quality by increasing the ratio of first-time-right repairs.
Kishor Patil, Co-founder, CEO, and MD, KPIT Technologies, which has its UK HQ in Coventry, said: “SOMIT has created a niche for themselves in the challenger EV OEM segment. Their cloud-based platform complements KPITs existing after-sales platform to offer a more integrated solution for the benefit of our T25 clients. KPITs strategic T25 clients will benefit immensely. Generating revenue through the lifecycle of a vehicle is a key priority for OEMs. SOMIT and KPIT will better enable their OEM clients in realizing this strategic objective. This will be one of the fastest-growing market opportunities in the next 3-5 years.”
Julian Soanes, Founder and CEO, SOMIT solutions, added: “KPITs’ global leadership in the mobility ecosystem and complementary expertise in vehicle diagnostics will help us to offer holistic solutions to clients. Our vision to build cloud-based, scalable diagnostics and after-sales solutions that offer comprehensive coverage will be strengthened by KPIT. Together we will create leadership and innovation in this business segment. ”
Stefan Zeppetzauer, Business leader – Vehicle Diagnostics at KPIT Technologies, said: “By integrating solutions from SOMIT, KPIT will further strengthen the leadership position of its AI-driven guided diagnostics platform. Additionally, the integrated solution will enable KPIT & SOMIT to broaden industry reach, while maximizing aftersales service efficiencies for clients in the automotive and mobility industry.”
Bristol-based lawyers at international law firm Osborne Clarke advised KPIT Technologies Ltd.
The Osborne Clarke team was led by Bristol-based corporate partner and head of the international transport and automotive sector, Simon Spooner, alongside corporate senior associate James Archer, also based in Bristol, with Mat Oliver and Kirsty Poulton providing tax advice.
KPIT has its UK office in Coventry – works on developing cutting edge technology with global leaders in automotive and mobility and has grown consistently for the last two decades, having completed multiple M&A led partnerships with organisations in Europe, the USA and India. SOMIT Solutions, based in Abingdon near Oxford, offers a cloud-based vehicle diagnostics platform and expert consulting services.
Earlier this year KPIT linked with Coventry University to announce a new Master of Technology course to be delivered to KPIT employees based in India.
KPIT and Coventry University have worked together since 2016 delivering postgraduate courses for the global software company in the field of Strategic Engineering Management and Automotive Engineering. Since it commenced, three groups of KPIT employees have successfully undertaken training in the six years of this academic and industry collaboration. Following on from this achievement, the existing courses have been superseded by a new Master of Technology in Automotive Software Engineering, which launched in September 2021.
KPIT employees will undertake extensive coursework and training sessions from Coventry University’s experts. Modules will cover: embedded systems, vehicle dynamics, autonomous driving, AUTOSAR (AUTomotive Open System Architecture), powertrain, digital cockpit and automotive cybersecurity. The Masters course will help employees to keep pace with the latest trends of vehicles becoming software-defined and help them to build a strong understanding of software integration, develop their competency and provide the latest knowledge about Automotive Software Engineering theory and practical techniques.