December 2016 Current Affairs

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Tech Mahindra Ltd acquires UK-based BIO Agency Ltd

Tech Mahindra Ltd acquires UK-based BIO Agency Ltd
23 June 2016 Current Affairs: Technology services provider Tech Mahindra Ltd (TechM) has acquired UK-based digital transformation firm The BIO Agency Ltd on 22 June 2016.The acquisition was carried out in an all-cash deal for an enterprise value of up to 45 million pounds.

Highlights : The payment of 22 million pounds and the surplus cash of 5 million pounds will be made upfront and the balance will be done away as deferred payments based on company performance.Tech Mahindra will acquire 100 percent of shares of the company. 

The closing date of the transaction is expected to take place in the first week of July 2016.The move will help Tech Mahindra to strengthen its digital portfolio in providing better digital strategy, services and customer experience.The acquisition will also help The BIO Agency to make sizable inroads into the telecommunications and enterprise clients of Tech Mahindra. 

BIO Agency specialises in digital transformation across sectors such as retail, financial and travel. It offers digital strategy, service design, digital retail, connected products, product innovation and e-commerce solutions.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
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25 AUG
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