Infosys to Acquire Leading Engineering R&D services provider, in-tech

Bengaluru, India and Munich (ots/PRNewswire) - Acquisition demonstrates Infosys'
commitment to the automotive ecosystem and strengthens its footprint across
Europe

Infosys (http://www.infosys.com/) (NSE: INFY) (BSE: INFY) (NYSE: INFY) a global
leader in next-generation digital services and consulting, today announced a
definitive agreement to acquire https://apc01.safelinks.protection.outlook.com/?
url=https%3A%2F%2Fwww.in-tech.com%2Fen&data=05%7C02%7CRajarshi.Basu%40infosys.co
m%7Ca08ce5ccf440404d1c1008dc5f013225%7C63ce7d592f3e42cda8ccbe764cff5eb6%7C0%7C0%
7C638489705968587957%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzI
iLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=jQd0rlMOZKKJl8dcR0Sparr0iwxPw
6nt1MsC5QM%2FUdc%3D&reserved=0 , a leading Engineering R&D services provider
focused on German automotive industry. This strategic investment further
strengthens Infosys' Engineering R&D capabilities and reaffirms its continued
commitment to global clients to navigate their digital engineering journey.

Headquartered in Germany, in-tech, is one of the fastest growing Engineering R&D
services providers that shapes digitization in the automotive, rail transport
and smart industry sectors. in-tech develops solutions in e-mobility, connected
and autonomous driving, electric vehicles (EV's), off-road vehicles and
railroad. in-tech offerings include system design, methodical consulting,
advanced electronics platform development and validation of automotive specific
software and hardware systems, infotainment, and experience validation.

in-tech brings to Infosys, marquee German original equipment manufacturers
(OEMs) deep client relationships, and an extensive industry expertise with a
multidisciplinary team of 2200 people across locations in Germany, Austria,
China, UK, and nearshore locations in Czech Republic, Romania, Spain, and India.

Dinesh Rao, EVP & Co-Delivery Head, Infosys , said, "Infosys continues to
strengthen its Engineering R&D leadership with decades of experience in digital
engineering. Together with in-tech, Infosys Topaz, an AI-first set of services,
solutions and platforms,and recently acquired InSemi' semiconductor's expertise,
we have successfully created deeper capabilities for the next phase of
automotive innovation in the arena of software defined vehicles. We are excited
to welcome in-tech and its leadership team into the Infosys family."

Jasmeet Singh, EVP and Global Head of Manufacturing , Infosys, said, "The
automotive industry today is going through a pivotal change, with connected,