Announced
Completed
Synopsis
Hinduja Group, a business conglomerate, completed the acquisition of Drive System Design, an engineering services company. Financial terms were not disclosed. “We believe that HT is the right partner at the right time and see this as a tremendous opportunity for the long-term future and expanded capabilities of DSD. As part of the HT family, DSD will be able to increase its reach through HT’s global business model and full vehicle development and integration expertise. It is an ideal complement to DSD’s advanced engineering capabilities in transmission, driveline, motor design, power electronics and simulation," Mark Findlay, Drive System Design CEO.
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