Tech Mahindra GmbH, DĂĽsseldorf has inked an agreement with BASF Business Services Holding GmbH to acquire its business with third-party customers. This includes the 100-per cent-owned subsidiary BASF Business Services Consult GmbH, based in Hamburg. BASF Business Services Holding GmbH will, in future, focus on providing information services, supply chain operations and business process management for BASF Group.
Legal closing of the transaction is expected to happen in the first quarter of FY 2015. All 60 employees of BASF Business Services Consult GmbH will be transitioned to Tech Mahindra as part of this transaction.
The innovative and competitive service portfolio ranges from consulting, development and operation of IT systems to the design and optimization of business processes throughout the value chain.
Vikram Nair, Head – Europe (Enterprise), Tech Mahindra, said, “This is a strategic move and a testimony of our commitment to the region. It will bring us closer to our customers and will help us to deliver holistic solutions. I am confident that the acquisition will spur rapid growth in this region.”
This acquisition will see the creation of a strong ICT player in the region with strengths in Application and Infrastructure Business Services. The transaction will be carried out by Tech Mahindra GmbH, a wholly-owned subsidiary of Tech Mahindra Ltd.
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