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Savex Technologies to buy Inflow Technologies for an undisclosed sum
May 07, 2021
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Inflow Technologies, a niche player in the IT infrastructure distribution services market in India and South Asia, has revenues of about $350 million (about ₹2,586 crore)
Mumbai-headquartered Savex Technologies, India’s third largest Information and Communication Technology (ICT) distributor, has signed an agreement to acquire Bengaluru-based Inflow Technologies Pvt Ltd for an undisclosed sum.
Under the contours of the deal, Savex will immediately acquire a significant majority in Inflow Technologies and the remaining stake will be acquired over the next two years. Following the deal, revenues of Savex Technologies’, which competes with companies such as Redington India and Ingram Micro, will immediately rise to about $3 billion from $2.5 billion.
FDI in software, hardware up four times to $24.4 bn in Apr-Dec
While in the year-ago period the sector received USD 6.4 billion FDI, the entire 2019-20 saw overseas investment of USD 7.7 billion, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed
PTI | March 7, 2021 | Updated 22:40 IST
Overall FDI equity inflows into the country jumped 40 per cent to USD 51.47 billion
Foreign direct investments (FDI) in the computer software and hardware sector jumped nearly four-times to USD 24.4 billion during April-December 2020-21, according to the latest data of DPIIT. While in the year-ago period the sector received USD 6.4 billion FDI, the entire 2019-20 saw overseas investment of USD 7.7 billion, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed.
Foreign direct investments (FDI) in the computer software and hardware sector jumped nearly four-times to $24.4 billion during April-December 2020-21, according to the latest data of DPIIT. While in t
According to experts, the accelerated digitalisation and increased use of artificial intelligence due to the pandemic led work-from-home scenario have all resulted in a huge opportunity for the computer software and hardware sector.