PSA and Squire Sanders advise Alten acquisition of Calsoft Lab
Dealstreet

PSA and Squire Sanders advise Alten acquisition of Calsoft Lab

Bar & Bench

Groupe Alten, a European leader in technology, consulting and engineering recently acquired the US and Indian assets of Calsoft Labs, a wholly-owned subsidiary of Chennai-based California Software (Calsoft) in entirety worth more than $ 22 million (Rs. 100 crore).

The Delhi and Chennai offices of Priti Suri & Associates advised Alten with a team led by Founder Partner Priti Suri along with Senior Associate Pooja Yadava.

Squire, Sanders & Dempsey LLP acted as US counsel to Alten with a team led by Managing Partner of Northern California practice Nicholas C. Unkovic along with Senior Attorney Miharu Furihata.

The acquisition constitutes Calsoft Labs’ entire customer base, 500 plus employees and all tangible and intangible assets of Calsoft Labs business spread across US and three delivery centers in India at Chennai, Bangalore and Mysore.

Calsoft Labs, which is involved in telecom design products and creating software products for embedded designs, would further strengthen Groupe Alten’s presence in India and enable it to provide end-to-end solutions to its customers in Europe and US.

Groupe Alten is also a preferred supplier of EADS (European Aeronautic Defence and Space) company, a global pan-European aerospace and defence corporation and a leading defence and military contractor worldwide.

Bar and Bench - Indian Legal news
www.barandbench.com