Datamatics Global Services, on Monday Dec 09, announces the acquisition of 100% equity stake in TNQ Tech Private Limited.
Datamatics Global Services has acquired TNQ Tech at a valuation of INR 336.OO Crores. The Company has agreed to acquire 80% shareholding of the Target in the First Tranche. Balance 20% shareholding of Target to be acquired over a period of 19 months.
This acquisition will strengthen the Company to over 6,500 employees globally and establish us as amongst the dominant service providers in the world of digital content.
About ‘TNQ Tech’-
TNQ Tech Private Limited is engaged in the business of providing prepress publishing services, design services, software development services and software maintenance services to leading international publishers of scientific, technology and medical journals and books including technology solutions (products) to commercial, open access and learned societies who publish journals and books.
The turnover of TNQ Tech for the year from October 2023 till September 2024 was Rs. 289.49 Crores.
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