Coforge has in-principally agreed to acquire the entire outstanding shares of Artexmind S.A., (a shelf company) through Coforge Solutions, a step-down wholly owned subsidiary of the company (the Transaction). This shelf company is being acquired to start operations in a new geography as setting up a new entity would have taken longer lead time. The entity being acquired belongs to the IT / ITes industry.
The transaction involves acquisition of 100% stake of the Target Company by Coforge Solutions, with purchase consideration of $10,000. The Transaction is expected to be completed on or before August 31, 2025.
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.
