HCL completes acquisition of 100% stake in German based ASAP


Biznextindia : HCL Technologies has completed the acquisition of 100% stake in ASAP Group, an automotive engineering services provider headquartered in Germany. In July, HCL has announced about the acquisition for €251 million.

Headquartered in Ingolstadt, Germany, ASAP is focused on future-oriented automotive technologies in areas such as autonomous driving, e-mobility and connectivity. ASAP serves top automotive original equipment manufacturers (OEM) and tier 1 suppliers in Germany. ASAP’s services portfolio comprises electrics/electronics, software, consulting, service testing and validation and vehicle development. ASAP has over 1,600 employees across nine locations in Germany.

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