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Tech Mahindra acquires Com Tec Co IT to enhance digital engineering capability
Jan. 19, 2022, midnight | Industry News
Help Net Security www.helpnetsecurity.com
Tech Mahindra announced 100% acquisition of Com Tec Co IT Ltd (CTC) for €310 million including earnouts and synergy linked payouts. CTC is an IT solutions and service provider serving the insurance and financial services industries with development centres in Latvia and Belarus. The acquisition will enable Tech Mahindra to tap onto the potential industry disruption in the Insurance sector, expand its offerings to high-end digital engineering services for some of the largest insurance, reinsurance … More →
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