Tech Mahindra Ltd acquires Hutchison Global Services for $87.1 million

Deal Participants:
Acquiring Company: Tech Mahindra Ltd View Profile Charts Homepage
Target Company: Hutchison Global Services View Profile Charts Homepage
Deal Financials:
Price: $87.1 million
Announced: Sep 04, 2012


India’s Tech Mahindra Ltd. Tuesday said it has bought the local business-process-outsourcing unit of Hutchison Whampoa Ltd. for $87.1 million.

The deal also involves a $845 million technology-outsourcing contract for Tech Mahindra from the Hong Kong company.

In a statement, Tech Mahindra said it will acquire the entire stake of Hutchison Global Services Pvt. Ltd.

“This acquisition is in line with our growth plans and is a logical next step in extending our relationship with Hutchison,” Tech Mahindra Executive Vice Chairman Vineet Nayyar said in the statement.

Kotak Investment Banking was the financial adviser to Tech Mahindra, while Goldman Sachs advised Hutchison, the statement said.

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Acquirer's Banker: Kotak Investment Banking
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Edit History:
Sep 04 '12
Sep 04 '12
This version submitted by Melg8Mike