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Tech Mahindra’s German arm inks agreement with BASF Business Services Holding GmbH

28 Feb 2014 Evaluate

Tech Mahindra’s - wholly-owned German subsidiary - Tech Mahindra GmbH, Düsseldorf, has signed an agreement with BASF Business Services Holding GmbH to acquire its business with third party customers. This includes the 100%-owned subsidiary BASF Business Services Consult GmbH, based in Hamburg. This acquisition will see the creation of a strong ICT player in the region with strengths in Application and Infrastructure Business Services.

BASF Business Services Holding GmbH will in future focus on providing information services, supply chain operations and business process management for BASF Group. Legal closing of the transaction is expected to happen in the first quarter of FY 2015. All 60 employees of BASF Business Services Consult GmbH will be transitioned to Tech Mahindra as part of this transaction.

BASF Business Services Holding GmbH (earlier called as BASF IT Services Holding GmbH) is an indirect wholly owned group company of BASF SE. The innovative and competitive service portfolio ranges from consulting, development and operation of IT systems to the design and optimization of business processes throughout the value chain.

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