KPIT Technologies Ltd has announced plans to acquire a 100 percent stake in Israel-based Cymotive Technologies in a deal valued at up to USD 120 million (approximately Rs 1,138 crore). Structured in multiple tranches, the transaction begins with an initial USD 10 million investment in preference capital, expected to close by mid-June 2026. The final valuation will depend on Cymotive’s revenue and EBIT performance.