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New Deal


Announced

BMW Group and Tata Technologies to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Private

Cross Border

Friendly

software

IT development hub

it solutions

Acquisition

Majority

Pending

India

Single Bidder

Synopsis

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BMW Group, a manufacturer of automobiles, and Tata Technologies, an Indian multinational product engineering company, agreed to form a joint venture. Financial terms were not disclosed. “The expansion of international DevOps* hubs has clearly proved to be a successful model for the BMW Group. I am therefore extremely pleased that we have found a strong and valued technology partner with Tata Technologies and are now also expanding our footprint in India,” Alexander Buresch, BMW Group CIO and Senior Vice President.

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