India’s leading IT services firm Tech Mahindra has announced that it has acquired Eventus Solutions Group for up to $44 million (around Rs 330 crore).
Eventus Solutions Group offers end-to-end customer engagement solutions, such as strategy consulting, cloud based tools and automation services, and managed services.
Mahindra (Americas) Inc, the wholly-owned subsidiary of Tech Mahindra has approved the proposal to acquire 100 percent equity shares in Eventus Solutions Group, LLC, said in a regulatory filing.
The acquisition will bolster consulting capabilities in customer experience (CX) and customer management space and will enable Tech Mahindra to build an industry-leading consulting practice and move up the value chain in the BPS business, it added.
The transaction is expected to close by June 15, 2021. “Tech Mahindra will pay total consideration of up to USD 44 million including earnouts,” the filing said.
