Announced
Tech Mahindra to acquire Thirdware for $42m.
Financials
Transaction Value£32m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
Private
India
Software
applications
Pending
Friendly
Acquisition
Majority
Single Bidder
Domestic
Synopsis
Tech Mahindra, an IT services and consulting company, agreed to acquire Thirdware, an enterprise applications startup, for $42m. “Thirdware’s capability to provide end-to-end implementations and global rollouts of ERP solutions will give Tech Mahindra an edge in the manufacturing space,” Tech Mahindra.
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