Technuter
Tech Mahindra announced that it has acquired 70% stake in Perigord Asset Holdings Limited (“Perigord”), 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.
The strategic partnership will strengthen Tech Mahindra’s position as a leading digital transformation enabler in the artwork and packaging services space with an integrated platform and services portfolio. Additionally, Tech Mahindra will leverage Perigord’s expertise and offerings to extend capabilities towards delivering efficiency and automation levers, across sectors including consumer-packaged goods (CPG), medical devices and over the counter (OTC) products to enable growth and scalability in the future. The acquisition is a part of Tech Mahindra’s long-term growth plan to build presence across key markets in Ireland, Germany, USA, and India with enhanced gl
Shares of Tech Mahindra advanced 2 per cent to Rs 1,028; gaining 3 per cent from day’s low on the BSE on Monday, after the company said its board has approved the proposal for acquisition of majority stake in Perigord Asset Holdings Limited (Perigord), a digital workflow and artwork, labelling and BPO services firm. The stock of the IT consulting & services firm is trading close to its record high level of Rs 1,081.35, touched on January 11, 2021.
“The investment committee of the board of directors of the Company has approved the proposal to acquire 70 per cent equity shares in Perigord Asset Holdings Limited (“Perigord”) directly and indirectly through its wholly owned subsidiary viz. Mahindra Engineering Services (Europe),” Tech Mahindra said in exchange filing.
Tech Mahindra acquires majority stake in Perigord Asset Holdings
SECTIONS
Last Updated: Mar 15, 2021, 10:19 AM IST
Share
Synopsis
This will strengthen the company’s presence in the artwork and packaging services space with an integrated platform and services portfolio.
Getty Images
NSE
IT services firm
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
TESSI: Tessi acquires majority stake in occupational training specialist Proformation
Proformation, a leading provider of multi-specialist training (virtual classroom, face-to-face, e-tutoring), has joined the Tessi Group.
Classified under five main themes (foreign languages, office automation and DTP, management, professional competence, digital technology and outsourced educational services), Proformation s distance learning services are widely recognised for their high quality.
Following on from the 2019 acquisition of ADM Value, Tessi continues to expand through acquisitions in a buoyant market driven by sector growth.
Proformation CEO Yves Le Pomellec said: We wanted to find a partner who shared our values and was truly determined to diversify in terms of customer relations. We are delighted to be joining a major outsourcing specialist who knows how to combine technology with human expertise.
New Delhi: Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, and ThoughtSpot, the leader in search and AI-driven analytics, have announced partnership to offer AI (Artif