KPIT Technologies updates on Caresoft acquisition payments

KPIT Technologies announced that its UK subsidiary, KPIT Technologies (UK) Limited, has made a $40 million payment towards the first deferred consideration payment for the acquisition of Caresoft, as per definitive agreements. This follows previous disclosures regarding the acquisition of Caresoft Global Technologies, Inc. USA, Caresoft Engineering Services Limited, UK, CAREGLOTECH de RL de CV Mexico, and OXI SRL Italy.

The total consideration for the Caresoft acquisition was renegotiated and finalized at up to $157 million, which includes a $15 million variable pay contingent on revenue and synergy milestones. Previously, KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA, had paid an initial consideration of $51 million to acquire 100% equity shares of the aforementioned Caresoft entities.

Additionally, on October 10, 2025, KPIT Technologies (UK) Limited had paid $6 million for acquiring 100% equity shares of OXI SRL Italy. In anticipation of the transaction, KPIT Technologies Limited, India, infused €28 million and $28 million into KPIT Technologies (UK) Limited and KPIT Technologies Holding Inc, USA, respectively.