Indian technology giant, Tech Mahindra has acquired 70% stake in Perigord Asset Holdings Limited ("Perigord"), a digital workflow and artwork, labelling and BPO services firms.
Kochhar & Co. advised Indian technology giant, Tech Mahindra in the acquisition. The transaction was led by Partner Sarika Raichur and supported by Senior Associate Sidhartha Jatar.
RNC Legal acted for Perigord.
The strategic acquisition will help Tech Mahindra augment expertise in the global pharmaceutical, healthcare and life sciences sectors.
As per the formal announcement, Tech Mahindra is expected to leverage Perigord's expertise and offerings to extend capabilities towards delivering efficiency and automation levers across sectors to enable growth and scalability in the future.
The acquisition is a part of Tech Mahindra's long-term growth plan to build a presence across key markets in Ireland, Germany, USA and India with enhanced global delivery.