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KPIT Tech to acquire 25% stake in Germany-based Future Mobility

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Acquisition, divestment & Spinoff

KPIT Technologies stated that it expects the first tranche of its 25% stake in Future Mobility to be completed in September 2021

According to a press release on business standard dated 22 September, the board of directors of auto industry-focused technology firm KPIT Technologies has approved the acquisition of a 25% stake in Germany-based Future Mobility Solutions GmbH (FMS), with the remaining stake to be acquired over the next three years.

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