Tech Mahindra completed the acquisition of a 70% stake in Perigord from Development Capital for £18m.

Tech Mahindra, a provider of digital transformation, consulting, and business re-engineering services and solutions completed the acquisition of a 70% stake in Perigord, a digital workflow and artwork, labelling and BPO services firm, from Development Capital for £18m. "We are excited and looking forward to joining forces with the Tech Mahindra family as this partnership is the perfect mix of scale, technology, expertise and timing that will enable the company to continue our journey as the world’s leading provider in pharmaceutical labelling, artwork and workflow solutions. Both companies’ future ambitions and desires to digitally transform the world of Pharmaceutical packaging services will deliver long term innovative solutions to our clients that will future proof their needs over the next ten years," Alan Leamy, Perigord CEO.