Tech Mahindra buys Inter-Informatics
IT services company Tech Mahindra will acquire Czechbased engineering services company Inter-Informatics for 5.4 million euros (around Rs 8 crore) through a whollyowned subsidiary, Mahindra Engineering Services (Europe). Inter-Informatics has presence in the Czech Republic and Romania and had posted revenue of $10.7 million in 2017. The acquisition could provide Tech Mahindra access to the East European markets. The deal will bolster Tech Mahindra's presence in the cabin engineering segment and also provide a highlyskilled engineering team focused on the aerospace vertical. Tech Mahindra is already building teams in Europe and the US to cater to specialised software deals that require direct customer interaction.