KPIT Technologies is acquiring cloud-based vehicle diagnostics specialist SOMIT solutions.
KPIT Technologies Ltd is acquiring SOMIT solutions, a cloud-based vehicle diagnostics specialist that enables after-sales operations of high-tech luxury and new age OEMs.
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.
“We are very excited to welcome SOMIT Solutions to the KPIT family. 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,” said Kishor Patil, Co-founder, CEO, and MD, KPIT Technologies.
“We are thrilled to join forces with KPIT. 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,” said Julian Soanes, Founder and CEO, SOMIT solutions.
“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,” said Stefan Zeppetzauer, Business leader, Vehicle Diagnostics, KPIT Technologies.