SoftTech Engineers expands German presence, appoints new CFO

SoftTech Engineers Limited announced the acquisition of Eximietas Developer Private Limited ("EDPL") and a 100% stake in SoftTech Digital AG for up to €1.1 million, subject to adjustments. This move aligns with SoftTech's strategic objective to expand its business footprint in the German market and enhance its international operations in digital transformation solutions for the construction, infrastructure, and process industries. The acquisition is expected to conclude by December 2025, with cash consideration in one or more tranches.

The company previously approved a budget of INR 8-10 crores for German market investments on February 11, 2025, but now proposes up to €1.1 million due to currency fluctuations. SoftTech Digital AG, incorporated on April 4, 2022, in Germany, had nil turnover as of March 31, 2025.

Additionally, SoftTech's board approved the appointment of Deepak Bang as chief financial officer (CFO) and key managerial personnel (KMP) effective September 17, 2025. Bang brings 18 years of progressive experience in financial planning, budgeting, forecasting, and reporting.