EQT-backed Indium acquires majority stake in Experion

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Private equity firm EQT-backed digital engineering company Indium on October 16 announced the acquisition of a majority stake in Experion, a global product engineering services company to expand product engineering expertise.

"By combining Experion's end-to-end product engineering expertise—from ideation to market launch—with Indium’s advanced data and AI capabilities, Indium is uniquely positioned to help clients across industries," the company said in a release.

The acquisition will help Indium build scalable digital products, platforms, and solutions, while expanding its geographic footprint and headcount to approximately 5,000 employees.

Founded in 2006, Experion has capabilities across product strategy, engineering, cognitive computing, platform engineering, and experience design, enabling clients to design, develop, deploy, and maintain products and platforms.

Experion’s global clientele includes large enterprise leaders in industries such as automotive, insurance, mining, and transportation.

“We are confident of unlocking multiple new opportunities with both existing and new clients and have set a revenue target of $150 million for the next financial year,” said Ram Sukumar, CEO and Co-founder, Indium.

“We are thrilled to be part of the EQT-Indium family, and Experion stands to benefit immensely from Indium’s market presence, diverse range of offerings and extensive experience working with global enterprises,” said Binu Jacob, CEO and Co-founder, Experion.