Tech Mahindra has received approval to acquire 100% shareholding in K-Vision a Japanese corporation through its wholly owned Subsidiary -- Mahindra Engineering Services (Europe). The cost of acquisition is $1.5 million.
The objective of acquisition is intends to leverage the local presence and expertise of K-Vision to build its network services business in Japan in the near term. The company will support the 4G and 5G network - build and roll-out in Japan for large telecom players.
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.
