KPIT Technologies takes controlling stake in AirConsole maker N-Dream

Mid-sized IT services company KPIT Technologies (KPIT), a specialist in software-defined vehicle solutions, has increased its shareholding in Switzerland-based N-Dream AG, with a view to acquiring a majority stake in the developer of AirConsole.

KPIT, which previously held a 26% share, will increase its ownership to nearly 90%, the company said in a statement.

“We wish to inform you that the Company, through its wholly owned subsidiary, KPIT Technologies (UK) Limited, has acquired further stake of 62.9%, taking the total of KPIT group shareholdings…