Tech Mahindra has received an approval from its board to acquire 100% shareholding on a fully diluted basis in Inter-Informatics spol.s.r.o., an entity based in the Czech Republic through its Wholly Owned Subsidiary i.e. Mahindra Engineering Services (Europe).
Inter-Informatics spol.s.r.o. is an engineering services company with clients primarily in three industries -Aerospace, Rail and Machinery. The Enterprise Value of the deal is Euro 5.4 million. The deal will bolster company's presence in the cabin engineering space and also provide a highly skilled engineering team focused on the Aerospace vertical.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.
