M&A Deal Summary

Mindtree Acquires Magnet 360

On January 18, 2016, Mindtree acquired information technology company Magnet 360

Acquisition Highlights
  • This is Mindtree’s 5th transaction in the Information Technology sector.
  • This is Mindtree’s 3rd transaction in the United States.
  • This is Mindtree’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-01-18
Target Magnet 360
Sector Information Technology
Buyer(s) Mindtree
Deal Type Add-on Acquisition

Target

Magnet 360

Minneapolis, Minnesota, United States
Magnet 360 LLC is a marketing technology consultancy and salesforce.com partner.

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Buyer(S) 1

Buyer

Mindtree

Bengaluru, India
Category Company
Founded 1999
Sector Information Technology
Revenue 2.0B USD (1970)
DESCRIPTION

MindTree was started in 1999 and is focused on IT and R&D services. Mindtree is listed on the NSE and BSE.

DEAL STATS #
Overall 6 of 7
Sector (Information Technology) 5 of 6
Type (Add-on Acquisition) 5 of 5
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Relational Solutions

North Olmsted, Ohio, United States

Relational Solutions, Inc. is a specialized provider of analytics for Consumer Packaged Goods (CPG) retail execution. Relational Solutions has proven expertise in analytics with solutions for supply chain optimization and trade promotions analytics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 L&T-NxT

Mumbai, India

L&T-NxT is expertized across diverse industry segments like Energy & Utilities, Transportation & Logistics, Engineering & Construction, Process & Discrete Manufacturing, and their experience of deploying new-age digital technologies at scale, to deliver differentiated disruptive business outcomes for our global customers. L&T-NxT is based in Mumbai, India.

Buy -
Mergr

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