Mahindra Satyam, which is being bought out by Tech Mahindra, is in talks to acquire a company in Europe to strengthen the services it provides to the aerospace industry and the company for this is expected to spend $150 million. Buying a service provider to the aerospace industry will help the company to cut dependence on telecommunications customers.
Earlier this month, the diversified Mahindra Group announced the long-awaited merger of Mahindra Satyam with its another technology arm Tech Mahindra in an all-share deal that would create India's fifth largest software firm with an estimated annual revenue of about $2.4 billion. However, after the merger with Tech Mahindra is completed this year, 80 percent of the company’s employees would cater to Australian customers.
Mahindra Satyam is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance.
