TCS inks definitive agreements for acquisition of 100% equity shares in Alti SA

09 Apr 2013

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, has inked definitive agreements for the acquisition of 100% equity shares in Alti SA, an IT services company in France, for a value of € 75 million in an all-cash transaction. This acquisition will strengthen the software major’s ability and footprint to service its customers in France and other regions in Europe. The transaction is subject to customary closing conditions.

Alti SA is a leading French technology services firm with strong expertise in IT Services including Enterprise Solutions, Assurance and CRM solutions.

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.

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