HCLTech acquires German autonomous driving tech firm for $279 million


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India’s third largest IT services firm, HCLTech has acquired a 100 percent equity stake in German automotive engineering services provider ASAP Group. Founded in 2010 and headquartered in Ingolstadt, Germany, ASAP is focused on future-oriented automotive technologies. ASAP's services portfolio comprises electrics/electronics, software, consulting, service testing and validation and vehicle development. Hari Sadarahalli, Corporate Vice President, Engineering and R&D Services, HCL Tech said, "Core engineering is at the heart of HCLTech's DNA and truly differentiates our services portfolio. ASAP has developed some exciting capabilities in automotive engineering, and we share their vision for future of mobility.