KPIT to acquire Volkswagen-backed Israeli cybersecurity company Cymotive for USD120m
Categories: Corporate and M&A, Hi-Tech
Indian mobility software company KPIT Technologies is acquiring Cymotive, an Israeli automotive cybersecurity company for approximately USD 120 million.
Founded and led by a former head of Shin Bet, together with Volkswagen Group’s software arm, CARIAD, Cymotive specializes in end-to-end vehicle cybersecurity, including secure architecture, threat detection, continuous monitoring, and regulatory compliance for software-defined and AI-enabled vehicles.
Shibolet represented CARIAD on the transaction, with a team led by partners Eyal Gilboa and Limor Peled.
Naschitz Brandes Amir represented Cymotive, while Goldfarb Gross Seligman advised KPIT.
