ITC’s arm pays $33 million to PTC for partially acquiring American PLM business
Date: 03-06-2022ITC’s subsidiary company -- ITC Infotech has paid an amount of $33 million (around Rs 256 crore) to PTC as part of an agreement to acquire a substantial portion of the American company's product lifecycle management implementation services.
As per an agreement announced on April 22, ITC Infotech will acquire a substantial portion of PTC's product lifecycle management (PLM) consulting and professional services business.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.