IT company Tech Mahindra will acquire 100% stake in Mumbai-based Thirdware Solutions Ltd in an all-cash deal worth $42 million, according to an exchange filing.
The acquisition leverages Tech Mahindra’s digital solutions and services in automotive consulting, design, development, and implementation in areas such as ERP (Enterprise Resource Planning), EPM (Enterprise Performance Management), RPA (Robotic Process Automation), and IIoT (Industrial Internet of India). will promote. things), the company said.
“The capability of thirdware to provide end-to-end implementation and global rollout of ERP solutions will give Tech Mahindra an edge in manufacturing,” it said.
Tech Mahindra will pay up to $42 million in total including earnings.
Thirdware is a global player in enterprise applications focused in the areas of ERP, BIA, cloud and business technologies. It provides consulting, design, implementation and support of enterprise application services with a focus on the automotive industry.
Shares of Tech Mahindra closed up 0.18% on Friday 1,488 each on the NSE.
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