By siliconindia | Monday, 15 March 2021, 10:13 Hrs Digital transformation services provider Tech Mahindra on Monday announced it has acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharmaceutical industry globally, for an undisclosed sum. This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors, the company said in a statement. Perigord s disruptive proprietary platform and expertise in the artwork space and life sciences industry will add significant value to our offerings and capabilities, said Vivek Agarwal, President, BFSI, HLS and Corporate Development, Tech Mahindra. The acquisition is a part of Tech Mahindra s long-term plan to build presence across key markets in Ireland, Germany, the US and India with enhanced global delivery.
Read more about Tech Mahindra acquires 70% stake in Perigord to augment pharma expertise on Business Standard. Digital transformation services provider Tech Mahindra acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharma industry
New Delhi, March 15
Tech Mahindra will acquire a 70 per cent stake in Ireland-based Perigord Asset Holdings Ltd for around Rs 182 crore and plans to buy the remaining 30 per cent shareholding over a
Tech Mahindra acquires majority stake in Perigord Asset Holdings
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Last Updated: Mar 15, 2021, 10:19 AM IST
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This will strengthen the company’s presence in the artwork and packaging services space with an integrated platform and services portfolio.
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Tech Mahindra said today that it has acquired a 70% stake in Perigord Asset Holdings, a digital workflow and artwork, labelling and BPO services firm. This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors. This will strengthen the company’s presence in the artwork and packaging services space with an integrated platform and services portfolio. The company will pay Euro 21 million for a 70% stake, and the balance 30% over the next four years at a valuation linked to the company’s financial performance. Dublin, Ireland headquartered Perigord had revenues of 19.5 million euros as of December 3
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