Tech Mahindra Ltd.

Tech Mahindra has acquired Bio Agency, a UK based entity. The BIO Agency (BIO), UK specialised in digital transformation and innovation, helping organizations change the way they engage with their customers.

The deal size includes the enterprise value of GBP 40 million plus surplus cash not exceeding GBP 5 million as at the completion date. The acquisition brings fourth synergy that will help open up more clients for BIO globally (especially in Europe and US), scaling their offering geographically and enabling new services and deeper digital change.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.