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Coforge to acquire TMLabs

05 Mar 2025 Evaluate

Coforge through its wholly-owned step-down subsidiary Coforge Technologies Australia is all set to acquire all of the outstanding shares of TMLabs. In this regard, the company has agreed to enter into a share sale agreement with TMLabs and its shareholders. The transaction is expected to be completed by March 31, 2025. The company is focusing on enhancing its capabilities in the ServiceNow ecosystem in newer modules like Integrated Risk Management, Healthcare and HR Service Delivery with growth in Healthcare vertical and Australia market are being the priorities for the company. The TM Labs operate at the intersection of these focus areas for the company.

Coforge Technologies Australia will acquire 100% stake of TMLabs, with an initial upfront purchase consideration of Australian Dollar 20 million, subject to further adjustments and completion of certain conditions precedent, in accordance with the Share Sale Agreement. An additional earnout amount will be payable to the stockholders of the TMLabs based on the achievement/performance of certain revenue and EBITDA targets for FY 26 and FY 27.

Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.


Coforge Share Price

1316.70 4.05 (0.31%)
17-Apr-2026 16:59 View Price Chart
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