EURO 330-M DEALS : Tech Mahindra acquires firm in Europe, stake in 2 others
Financial Express Mumbai|January 18, 2022
IT COMPANYTECH Mahindra on Monday announced its acquisition of 100% stake in Europe-based Com Tec Co IT (CTC) as well as 25% stake in two insurtech platforms for a total of EUR330 million (about ₹2,800 crore).
EURO 330-M DEALS : Tech Mahindra acquires firm in Europe, stake in 2 others

Tech Mahindra acquired Com Tec Co IT (CTC) for 310 million euros (approximately 2,628 crore), including earnouts and synergy-linked payouts.

PRESS TRUST OF INDIA New Delhi, January 17

The company said the acquisitions will strengthen its digital engineering and insurance technology businesses.

"It is our largest capital outlay commitment in recent times to grow our digital engineering and insurance technology business," Tech Mahindra president for BFSI, HLS, and corporate development, Vivek Agarwal said.

This story is from the January 18, 2022 edition of Financial Express Mumbai.

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This story is from the January 18, 2022 edition of Financial Express Mumbai.

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