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Mindtree Ltd Scouts For Acquisition In US And Europe-Business Standard


Wednesday, 4 Sep 2013 04:26am EDT 

Business Standard reported that Mindtree Ltd is scouting for acquisition in the US and Europe, and may buy a $30 million-$50 million firm to strengthen its offerings in infrastructure management and package application solutions. The acquisition will be aimed at helping the company build deeper domain capabilities in its industry verticals -- banking, financial services and insurance, retail, travel and hi-tech. Natarajan said, Mindtree will not make a very large acquisition, and the buyout will be made by the funds that the company currently holds. Mindtree has a cash and cash equivalents reserves of around $200 million. 

Company Quote

1059.3
33.65 +3.28%
5:58am EDT