Uno Minda acquires German software company iSYS RTS GmbH

Headquartered in Munich, Germany, iSYS RTS develops embedded systems as well as hardware and software components for Global OEM’s. The company offers engineering services and also manufacturers automotive electronic control units (ECUs).  Areas of specialisation of iSYS RTS include ECUs for automotive body and comfort systems, Autosar ECUs, ECUs and Software components for automotive lighting, interior lighting systems, electrical drive ECUs and development of HMI and infotainment applications.

With increasing electronic content per vehicle in the areas of body and comfort, automotive lighting and cockpit electronics, Minda Industries has identified electronic control modules as one of the major product line for growth and expansion.  This acquisition provides Minda Industries access to iSYS RTS’s technology and global customers. This will help Minda Industries expand its ECU offering and Technology Solutions in India and Global markets. 

This acquisition will provide iSYS RTS the necessary capital infusion to fuel its growth and also provide the solid backing of a large Tier1 like Minda Industries and enable it to take on larger programs and expand its product and customer base.  iSYS RTS will also benefit from a solid manufacturing footprint of Minda Industries Ltd. in an emerging country like India and also have access to Minda’s Engineering centre’s globally.                                                                                

“As part of the UNO MINDA Group and with access to the company’s resources we can exploit our synergies beyond our core competencies. The synergies are expected to play out as we develop system solutions for Automotive OEM’s.” said Georg Hutter, CEO of iSYS RTS GmbH

Upon close of the transaction, iSYS RTS will become subsidiary of Minda Industries Ltd. and operate  as an independent unit led by its existing management team, while benefiting from Minda Industries scale. iSYS RTS will remain dedicated to serving and growing its target markets including automotive OEMs .

N K Minda, Chairman of Uno Minda Group said, “iSYS RTS will be at the core of our controller business strategy, as we seek to improve footprints with customers in India and Europe. In addition, it will also help MIL offer high end cockpit electronics with premiumisation of vehicles.”