Infosys to Acquire Leading Engineering R&D services provider, in-tech - Seite 2

autonomous, and electric vehicles, and most importantly software-defined
vehicles. Electronics and software will drive value for next generation
vehicles. Infosys' leadership with comprehensive offerings serving global auto
OEMs, tier-one, and e-mobility start-ups, coupled with in-tech' engineering
prowess presents a differentiated value to our clients bringing high quality
innovative products to market faster."

Tobias Wagner, in-tech CEO , said, "Over the past 22 years, we have created an
impressive company history, characterized by organic growth, strategic
acquisitions and high profitability. This strategic partnership with Infosys
represents a decisive turning point for us: It opens up unprecedented growth
opportunities, and also adds tremendous value to our offering for our clients.
Together we now cover the entire end-to-end process, a step that is crucial to
fully meet our customers' needs. With access to more talent and expertise, we
gain incredible strength and scale in our delivery capability, enabling us to
successfully implement even more ambitious projects."

in-tech Founder and Board Member, Christian Wagner , added, "When choosing
Infosys, it was important to us that not only the business goals but also the
corporate cultures harmonize. I am thrilled that Infosys and in-tech are not
only on the same wavelength in terms of innovation and technology, but that we
also share the same values - be it our passion for sustainability or our desire
to create a work environment where everyone feels valued. This cultural fit
amplifies my belief that we will achieve extraordinary success together."

The acquisition is expected to close during the first half of fiscal 2025,
subject to customary closing conditions and regulatory approvals.

About in-tech

in-tech shapes digitalization in the automotive industry, rail transport and
industry. The company develops solutions for the automotive, eMobility,
transport systems and smart industry sectors. The developers and engineers at
in-tech work, for example, on topics such as autonomous driving,
electromobility, digital rail or smart industrial production.

The company was founded in 2002 and has been consistently growing ever since.
in-tech currently employs around 2200 people at locations in Germany, Austria,
China, the UK, the Czech Republic, Spain, Romania and India. The company shines
as an excellent employer with an outstanding corporate culture: the company has
already received several awards for its good working atmosphere, internal team
spirit and excellent work-life balance. For more information please visit
http://www.in-tech.com/