Mahindra & Mahindra Ltd.

Mumbai-based Indian industrial giant Mahindra & Mahindra (M&M) plans to make acquisitions in Britain in and Europe to bolster its software and outsourcing business. The group was seeking acquisitions to strengthen Mahindra Satyam’s access to the European market. Mahindra is looking at IT companies specializing in healthcare and financial services in Europe, as well as in Australia and New Zealand, where the group is considered underweight.

M&M, which also makes cars and farm equipment, had revenues of 7.7 billion pounds last year. It employs over 119,900 people, including more than 31, 000 in its technology business. Last year, Mahindra sold 154,265tractors, making it the largest producer by volume in the world.