To expand in European markets and strengthen its core banking implementation capability
Larsen & Toubro Infotech has signed definitive agreements on 14 November 2017 to acquire Syncordis S.A., headquartered in Luxembourg along with its identified subsidiaries in France, UK, Luxembourg and India.The acquisition is subject to customary closing conditions which are expected to get completed within 6-8 weeks. The Company will inform the closure of the transaction to the Stock Exchanges in the due course.
The acquisition of Syncordis SA will enhance Larsen & Toubro InfoTech's footprint in the European financial services market. Acquisiton of Syncordis India will expand Larsen & Toubro InfoTech's core banking implementation capability.
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