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September 27, 2010

KPIT Cummins buys CPG Solutions for INR0.6bn

To strengthen presence in the US market

By CBR Staff Writer

KPIT Cummins Infosystems has acquired US based premium Oracle Consulting service provider CPG Solutions for INR600m ($13.3m), which includes a guaranteed consideration of INR270m ($6m) and a milestone based consideration of INR330m ($7.3m).

KPIT claims that the acquisition will further strengthen its position as preferred Oracle partner for manufacturing companies and is designed to complement its strengths in ERP roll-outs, implementation, and support and maintenance services.

With the acquisition, KPIT will become an efficient specialist in providing full range Oracle offerings for companies in manufacturing, and energy and utilities space.

In addition, KPIT said that the combined Oracle practice will be a credible contender for large transformational business opportunities in manufacturing, and energy and utilities industries.

KPIT Cummins MD and CEO Kishor Patil said CPG Solutions will play a pivotal role in establishing a strong presence in the US market enabling us to offer valueadded transformational Oracle offerings to the manufacturing customers.

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