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Announced

Completed

Tech Mahindra completed the acquisition of DigitalOnUs for $120m.

Financials

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Transaction ValueÂŁ86m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Completed

technology services

Acquisition

United States

Private

DevOps

Software

Single Bidder

Majority

Friendly

Synopsis

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Tech Mahindra, an Indian provider of IT and business process outsourcing services, completed its acquisition of DigitalOnUs, a technology services firm focused on providing DevOps++ services, for $120m. "The acquisition by Tech Mahindra represents an important step in DigitalOnUs’s growth journey as it provides our organization and its people with extensive global reach and customer access to scale and tap into many more significant opportunities. Our team at DigitalOnUs is looking forward to being a part of Tech Mahindra and continuing to offer innovative, agile and industry leading services to our current and future customers," Suri Chawla, DigitalOnUs Founder and CEO.

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