GlobalLogic, an expert in digital engineering and a Hitachi Group Company, announced plans today to acquire Sydney-based engineering firm Katzion. The deal is set to boost GlobalLogic's mobility services, supporting the company's strategy to expand beyond the in-vehicle market, with a particular focus on Australia, Spain, and the Middle East.
Katzion was founded in 2017 and rapidly established itself as a leading service provider in the automotive industry. The firm's focus on tech-based solutions, such as CRM consulting, digitisation, automation and connected systems, has garnered a significant standing in the sector.
With over 165 employees across seven offices spanning five countries, Katzion accelerates digital evolution through connected, data-driven and customer-centric solutions for Automotive OEMs and Dealership Networks globally.
Complimenting Katzion, GlobalLogic helps brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise, GlobalLogic helps its clients imagine what's possible and accelerate their transition into tomorrow's digital businesses.
Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centres around the world, extending deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries.
This acquisition will allow GlobalLogic to broaden its services in the automotive domain, particularly focusing on emerging sectors like micro-mobility, fleet vehicles, and rental cars. Furthermore, the union will also create opportunities to offer new service lines centred on direct-to-consumer transactions, which will aid automotive companies in maintaining a customer-focused approach throughout vehicle lifecycles.
The deal promises to widen GlobalLogic's reach, providing services to regions including Australia and Spain and strengthening relationships with top automotive manufacturers globally.
Nitesh Banga, President and CEO at GlobalLogic, shared his enthusiasm about the upcoming merger: "This is an exciting time in the automotive industry, and we are thrilled to welcome the talented Katzion team to the GlobalLogic family."
"With their deep expertise and their wide range of highly valuable services, the acquisition of Katzion will enhance our ability to better serve OEMs as they bring new innovations inside, outside and around the vehicle."
Augustine Alexander, Co-founder and CEO at Katzion, also conveyed a positive outlook regarding the anticipated partnership with GlobalLogic. He expressed optimism, stating that joining GlobalLogic is the ideal next step in Katzion's growth journey. Alexander highlighted the alignment of goals and ambitions between Katzion and GlobalLogic, particularly in the automotive sector. "Joining with GlobalLogic is the ideal next chapter in Katzion's growth story," he said.
"GlobalLogic's focus and ambition in the automotive sector are a great match for Katzion, and the company's purpose-driven culture will be fantastic for our talented employees and customers alike. We are very excited about what we can achieve together," concluded Alexander.
While the transaction's financial terms remain undisclosed, the agreement mentions that Katzion will carry on operations under its existing leadership and staff, functioning as a wholly-owned subsidiary of GlobalLogic.