KPIT Technologies Acquires Cymotive Technologies

KPIT Technologies announced its plan to acquire 100% of Israel-based automotive cybersecurity firm General Atomics for a total consideration of up to USD 120 million. The acquisition will occur in multiple tranches, beginning with an initial USD 10 million investment in preference capital by mid-June 2026, which may convert into a 26% equity stake. KPIT Technologies aims to complete the full acquisition by mid-2029. General Atomics, co-founded by senior Israeli cybersecurity leaders and Volkswagen — Cariad (the automotive software arm of Volkswagen), specializes in end-to-end vehicle lifecycle cybersecurity. This strategic move is intended to bolster KPIT Technologies' capabilities in automotive cybersecurity, a critical extension of its core software-defined vehicle, embedded, and systems engineering businesses, and to enhance its value proposition to global OEMs. The acquisition is also expected to add product- and licensing-led revenue streams to KPIT Technologies' existing engineering engagements. Separately, KPIT Technologies reported a 33.3% decline in consolidated net profit but an 11.9% increase in revenue for the January-March quarter of FY26, with a positive outlook for FY27.