Tech Mahindra To Acquire Dynacommerce Holding, Netherlands
Tech Mahindra Limited informs that the Investment Committee of the Board of Directors of the Company has approved the proposal to acquire 100% Equity Shares of Dynaeommcrce Holding B.V. Netherlands.
The Company through this acquisition will be able to enhance its capabilities in the customer experience layer.
The closing of the transaction is expected to take place once the requisite regulatory approvals and the conditions precedent are fulfilled. Indicative, the company expect the transaction to close in the month of February 2019.
For acquisition of shares: Euro 4.39 million estimated initial value to be paid for the acquisition of shares subject to certain pre-closing and post-closing adjustments. In addition, there are contingent payments to be made over 5 years. For settlement of debt: Euro 11.48 million to be paid to settle the debts of Dynaeommerce Holding B.V.
Dynacommerce Holding B.V., with its subsidiaries and affiliates, is engaged in the business of providing software platforms and services to telecommunication clients.