SPARK MINDA acquires EI LABS India Pvt. Ltd. (“EI Labs”) to enhance Group’s expertise in Connected Mobility and IoT Solutions
New Delhi, 1st September 2017: Global Automotive Component Manufacturer ‘SPARK MINDA, Ashok Minda Group’ (“Spark Minda”) led by Chairman & Group CEO, Mr. Ashok Minda today announced the acquisition of ‘EI LABS’ which delivers inter-disciplinary products in the connected mobility and IoT space. Minda Corporation Limited (NSE: MINDACORP, BSE: 538962, a flagship company of Spark Minda, Ashok Minda Group), through its wholly owned subsidiary Minda SAI Limited has acquired 100% of the equity shares of EI Labs.
EI Labs is located at Bangalore, Karnataka and was founded by professionals with extensive global experience in the high-tech IT industry, with a vision to touch human life through embedded, intelligent technology that can improve safety, productivity and quality in their daily life.
Experience Highlights:
• Building the connectivity for India’s first connected car embedded solution.
• Own local R & D put three car platforms and one tractor Platform on the cloud already.
• A middle ware for the tractor gate way platform having the rugged all weather devices as OEM fitment.
• GPS enabled announcements for bus passengers – first step towards ITS solution for Smart Cities.
• Designing connectivity solutions for smart wearable’s to take it beyond fitness – Safety, Security and Health applications.
Mr. Ashok Minda, Chairman & Group CEO, Spark Minda, Ashok Minda Group said, “We are happy to announce the acquisition of EI Labs in the area of connected mobility. The acquisition will enable Spark Minda to develop latest devices and solutions, helping the automotive market with world class technologies in the domain of automotive connected mobility management devices and solutions. Spark Minda with the expertise of in-house engineers, new R&D technology centre in Pune and outsourced technology enables users to access new & innovative products in automotive industry.”
Mr. N.K Taneja, Group Chief Marketing Officer, Spark Minda, Ashok Minda Group,adds to the recent acquisition “Our Group has been constantly endeavouring and creating opportunities for further growth and developments since inception. EI Labs acquisition marks an important milestone for our group in the field of futuristic connected mobility.”
Mr. Suresh D, Group Chief Technology Officer, Spark Minda, Ashok Minda Group,
“With this acquisition, Spark Minda will be bringing a full spectrum of solutions to reinforce developments in next-generation Connected mobility & IoT domain.
We plan to integrate the acquired technology in our existing range of products to give the much required value add & competitive edge to our customers.”
