Tech Mahindra through material subsidiary Tech Mahindra (Americas) Inc. has entered into a Collaboration Deed with NEOM Tech and Digital Company (TONOMUS), pursuant to which Tech Mahindra will incorporate a wholly owned subsidiary (JVCo) to provide technology and digital services that support the cognitive foundation of cities and communities.
The parties intend for the JVCo to provide product and platform development services, platform and product engineering services and solutions, network services, metaverse services and solutions, intellectual property development services, and cognitive solutions and services to TONOMUS, other NEOM group companies and other customers relating to cognitive city development. The purpose of the agreement is to align on the principles and key terms of the partnership between Tech Mahindra and TONOMUS. Tech Mahindra and TONOMUS will each contribute or license certain assets and intellectual property to JVCo.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
