Tech Mahindra’s second-largest acquisition
Tech Mahindra has acquired Com Tec Co IT for 310 million euros. It includes earnouts and synergy linked payouts. It is also investing another 20 million euros in acquiring 25 percent ownership in SWFT and Surance platform. The acquisitions will strengthen its digital engineering and insurance technology businesses. It is the second-largest acquisition that the company has made after Satyam in April 2010.
