Tech Mahin­dra buys In­ter-In­for­mat­ics

India Business Journal - - NEWS ROUND-UP -

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.

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