TechMbuys European firm for ₹2,625 cr
Business Standard|January 18, 2022
IT services major Tech Mahindra announced acquisition of Com Tec Co IT Ltd (CTC) for €310 million (2,625 crore), including earnouts and synergy-linked payouts. This will be eight acquisition the company has made in FY22.
SHIVANI SHINDE
TechMbuys European firm for ₹2,625 cr

CTC is an IT solutions and service provider serving the insurance and financial services industries with development centres in Latvia and Belarus. For the CY2020, CTC had revenue of €71.3 million (around 604 crore) and for the nine months ended September 30, 2021 the company had revenue of €58.8 million (around 498 crore).

The acquisition will enable Tech Mahindra to tap onto the potential in the insurance sector, expand its offerings to high-end digital engineering services for some of the largest insurance, re-insurance and financial services organisations globally and scale its nearshore delivery presence.

この記事は Business Standard の January 18, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の January 18, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

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