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TCS inks $700 mn deal for US tech co
Mint New Delhi
|December 11, 2025
Tata Consultancy Services (TCS) on Wednesday made its largest buyout since going public in 2004, agreeing to acquire technology consulting firm Coastal Cloud for $700 million in cash.
Significantly, the buyout comes less than three months after India's largest IT services firm stated it would invest $6.5 billion over six years to build IGW of data centre capacity, underscoring a new effort by the firm to explore new business segments. Last month, US private equity giant TPG agreed to invest $1 billion to acquire a 49% stake in the data centre business.
"This acquisition marks a pivotal milestone in advancing our global Salesforce capabilities and accelerating our AI-led transformation agenda," said chief operating officer Aarthi Subramanian.
"It is another significant step towards realising TCS's vision of becoming the world's largest AI-led technology services company."
This story is from the December 11, 2025 edition of Mint New Delhi.
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