Datamatics Global Services (DGSL) has strategically divested its stake in one of its subsidiaries - Cignex Datamatics Inc. The stake has been acquired by a Relevance Lab, a Singapore headquartered IT Services Company through a share-swap arrangement.
Cignex Datamatics is a US-headquartered IT Services firm offering, Open Source, Cloud and Automation services. The company had 62.51% stake in Cignex Datamatics through its step-down subsidiary and it contributed to 17.27% of the total turnover of DGSL. As a result of this deal, the step-down subsidiary will hold 21% of the total stake in the combined entity.
Datamatics provides Intelligent Solutions for data driven businesses to increase productivity and enhance customer experience.
| Company Name | CMP |
|---|---|
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| Infosys | 1242.60 |
| HCL Tech. | 1277.20 |
| Wipro | 202.95 |
| Tech Mahindra | 1420.40 |
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