KPIT Technologies has completed the acquisition of 100% equity shares of OXI SRL Italy for USD 6 million. This finalizes the initial agreement to acquire Caresoft Global Technologies. The total acquisition of Caresoft was previously renegotiated to USD 157 million. KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA have already infused EURO 28 million and USD 28 million towards equity share capital.
OXI SRL Acquisition Finalized
KPIT Technologies (UK) Limited has successfully acquired 100% equity shares of OXI SRL Italy, marking the completion of the acquisition process. The acquisition was completed for a total consideration of USD 6 million.
Background on Caresoft Acquisition
The acquisition is linked to the broader acquisition of Caresoft Global Technologies. The initial plan, announced on May 6, 2025, involved a total consideration of up to US$191 Million. However, following changes in the business environment, the parties renegotiated the total consideration amount for the acquisition of Caresoft to US$ 157 Million, including US$ 15 Million variable pay.
Previous Investments
Prior to this final acquisition, KPIT Technologies Limited infused EURO 28 million and USD 28 million into KPIT Technologies (UK) Limited and KPIT Technologies Holding Inc, USA. Also, KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA paid an initial USD 51 million to acquire 100% Equity shares of Caresoft Global Technologies, Inc. USA, Caresoft Engineering Services Limited, UK and CAREGLOTECH de RL de CV Mexico.
Source: BSE
