Moneycontrol PRO
Open App

KPIT: How is the Technica acquisition shaping up?

The deal will offer business synergies but KPIT’s valuation is above comfort level

September 23, 2022 / 03:02 PM IST
KPIT: How is the Technica acquisition shaping up?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights  Deal consideration of €80 million plus earn-out Technica has an annual revenue run rate of €43 million Our estimate indicates acquisition to be EPS accretive Acquisition is likely to be financed internally Valuation rich KPIT (CMP: Rs 599.5 Market Cap: Rs 16,434 crore) has announced the acquisition of Technica Engineering — a Munich-headquartered German technology company — for a consideration of €80 million (to be paid over six months) plus a revenue & profit milestone linked earn-out agreement of up to €30 million payable over...

  • PRO Panorama

    Moneycontrol Pro Panorama | Dousing the inflation fire: The price tag is really high

    Sep 29, 2022 / 03:39 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Will Fed follow Bank of England's pivot, Sebi's idea of Social Stock Exchanges, tips to angel investment portfolio, Torrent Pharma's recent acquisition, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Fighting the Fed 

    Sep 3, 2022 / 10:06 AM IST

    India is bracing for the ripple effect of the frontloading of rate hikes by the US Fed. The question is, can it have the last laugh

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers