For total deal value of $27 million
L&T Technology Services has signed a definitive Agreement to acquire Esencia Technologies Inc, USA. The acquisition will also include its Indian subsidiary i.e. Esencia Technologies India. The transaction is expected to be completed around end of May 2017.
The total deal value is $27 million paid in tranches.
- $9 million upfront
- $6 million after 1 year
- $12 million over 4 years (earn out & incentives) based on achieving the revenue and PAT targets.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)