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Tata Technologies Ltd, a global product engineering and digital services company, said it has entered into a definitive agreement to acquire 100% equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group) for a total cash consideration of €75 million (₹777 crore).
The consideration will be paid over the next two years and includes performance-based earn-outs. The transaction is expected to be EPS accretive from the first full year of operations, the company said.
This article is published by The Hindu
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