Infosys To Acquire German Engineering R&D Services Provider In-tech

RTTNews | Před 27 dny
Infosys To Acquire German Engineering R&D Services Provider In-tech

(RTTNews) - Infosys Ltd. (INFY) announced Thursday a definitive agreement to acquire Germany's in-tech, a leading Engineering R&D services provider focused on German automotive industry. The terms of the deal were not disclosed.

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

This strategic investment further strengthens Infosys' Engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey.

The acquisition strengthens Infosys' footprint across Europe with the addition of in-tech's multidisciplinary team of 2200 people across locations in Germany, Austria, China, UK, and nearshore locations in Czech Republic, Romania, Spain, and India.

in-tech is an Engineering R&D services provider that shapes digitization in the automotive, rail transport and smart industry sectors. It 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.

read more
Infosys Inks 5-year Collaboration With LKQ Europe

Infosys Inks 5-year Collaboration With LKQ Europe

Infosys Ltd. (INFY) announced Thursday a 5-year collaboration with LKQ Europe, one of the leading distributors of automotive aftermarket parts for cars, commercial vans, and industrial vehicles in Europe.
RTTNews | Před 146 dny
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

The Switzerland market ended on a strong note on Wednesday as stocks kept edging higher and higher after opening marginally up. Data showing a smaller than expected increase in U.S. consumer prices in the month of April helped ease concerns about interest rates, and rendered the mood positive.
RTTNews | Před 6 h 17 min
Soft Inflation Data, Retail Sales Pull Down U.S. Dollar

Soft Inflation Data, Retail Sales Pull Down U.S. Dollar

The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September.
RTTNews | Před 7 h 16 min
U.S. Business Inventories Edge Down In Line With Estimates In March

U.S. Business Inventories Edge Down In Line With Estimates In March

The Commerce Department released a report on Wednesday showing a modest decrease in business inventories in the U.S. in the month of March. The report said business inventories edged by 0.1 percent in March after climbing by 0.3 percent in February. The dip matched economist estimates.
RTTNews | Před 8 h 43 min
U.S. Homebuilder Confidence Unexpectedly Slumps In May

U.S. Homebuilder Confidence Unexpectedly Slumps In May

With higher mortgage rates weighing on sentiment, the National Association of Home Builders released a report on Wednesday showing an unexpected deterioration in U.S. homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index tumbled to 45 in May from 51 in April. Economists had expected the index to come in unchanged.
RTTNews | Před 9 h 1 min
New York Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction

New York Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction

The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May. The New York Fed said its general business conditions index edged down to a negative 15.6 in May from a negative 14.3 in April, with a negative reading indicating contraction.
RTTNews | Před 9 h 25 min