Garching, 18.04.2024 - The technology company in-tech continues its growth path with a global partner: in-tech becomes part of Infosys, one of the world's leading companies in the technology and digitization industry.

Infosys and in-tech today announced a definitive agreement for Infosys to acquire 100% of the shares of in-tech. The acquisition is expected to close in the second quarter of 2024, subject to customary closing conditions and regulatory approvals.

"This partnership underlines our commitment to continue our successful growth," explains Tobias Wagner, CEO of in-tech. With the support of Infosys, in-tech will be able to offer its customers from the automotive, rail and industrial sectors even more comprehensive development and digitalization services in the future.

"Together with Infosys, we now cover the entire development process for complex products end-to-end and provide our customers with comprehensive support for all the challenges of digital transformation," adds Wagner.

Despite the takeover, in-tech will remain active in the market as an independent company. "Nothing will change for our customers - management, teams, contacts and locations will remain unchanged. We are now part of a larger family that is supported by a strong, global partner," emphasizes Tobias Wagner.

With over 320,000 employees in 56 countries, Infosys is a global player in the field of digital services and consulting. In addition to technical excellence, Infosys is also characterized by a focus on social commitment, sustainability and fairness. This commitment has earned the company numerous awards, including the UN Global Climate Action Award and recognition as the World's Most Ethical Company in 2024.

The partnership with Infosys not only strengthens in-tech's own portfolio but also its delivery capability. Thanks to the global network of over 320,000 technology experts, in-tech will be able to realize projects faster and more flexibly in the future and give customers access to new international markets and innovations.

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, 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 and strategic acquisitions. The partnership with Infosys as a strategic partner 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 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.” 

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. F

Press inquiries:

Martin Farjah
m.farjah@profil-marketing.com
Phone: +49 531 387 33 22

Christine Oertel, Kerstin Liedtke
presse@in-tech.com

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. 

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. 

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Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. 

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