tata technologies: Tata Technologies to fully acquire ES-Tec Group for nearly Rs 775 crore

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Global product engineering and digital services firm Tata Technologies on Saturday said it will acquire 100% stake in Germany-based ES-Tec Group and its subsidiaries for a total cash consideration of 75 million euros (over Rs 775 crore).

The company has entered into a definitive agreement to acquire 100 per cent equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group), Tata Technologies said in a statement.

The consideration will be paid over the next two years and includes performance-based earn-outs, it added.

“The acquisition…



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tata technologies: Tata Technologies to fully acquire ES-Tec Group for nearly Rs 775 crore



Global product engineering and digital services firm Tata Technologies on Saturday said it will acquire 100% stake in Germany-based ES-Tec Group and its subsidiaries for a total cash consideration of 75 million euros (over Rs 775 crore).

The company has entered into a definitive agreement to acquire 100 per cent equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group), Tata Technologies said in a statement.

The consideration will be paid over the next two years and includes performance-based earn-outs, it added.

“The acquisition…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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