Tata Consultancy Services (TCS), on Wednesday, announced that it completed the acquisition of French IT services company Alti.
A statement from TCS said it completed the acquisition during an
official ceremony under the patronage of Arnaud Montebourg, Minister for
Economic Regeneration for the French Republic.
The deal, valued at 75 million euro (around Rs.530 crore) was an
all-cash transaction and the announcement was made in early April 2013.
Alti is a privately-held company with revenues of 126 million euro in
2012 and is regarded as one of the top five system integrators of SAP
solutions in France. Its customers include several top French
corporations in the ................... read full news at The Hindu
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