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R Systems International Limited, an Indian company engaged in providing outsourced product development has acquired UK based Computaris for Rs. 65 crore (£9 million).
AZB advised R Systems with a team led by Partner Anil Kasturi along with Senior Associates Thomas Phillippe and Daksh Trivedi.
Speaking with Bar & Bench about the transaction, Partner Anil said, “This was an ODIA (Overseas Direct Investment) in India to mark our print in the European markets, in the UK”.
Blake Lapthorn (UK) advised Computaris with a team led by Partner Lawrence Phillips.
According to the Deal Curry, R Systems will make an initial payment of £4.25 million and the balance over a period of two years linked to performance. The acquisition is funded largely from internal accruals. The deal will help R Systems to expand its operations in Europe.