M&A Deal Summary

Tech Mahindra Acquires Sofgen Holdings

On January 9, 2015, Tech Mahindra acquired information technology company Sofgen Holdings

Acquisition Highlights
  • This is Tech Mahindra’s 4th transaction in the Information Technology sector.
  • This is Tech Mahindra’s 1st transaction in Cyprus.

M&A Deal Summary

Date 2015-01-09
Target Sofgen Holdings
Sector Information Technology
Buyer(s) Tech Mahindra
Deal Type Add-on Acquisition

Target

Sofgen Holdings

Limassol,, Cyprus
SOFGEN HOLDINGS LIMITED a niche consulting and services company with worldwide presence specializing in Private / Wealth, Commercial and Retail Banking solutions.

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Buyer(S) 1

Buyer

Tech Mahindra

Pune, India

Category Company
Founded 1986
Sector Information Technology
Employees148,517
Revenue 529.9B INR (2025)
DESCRIPTION

Tech Mahindra is an entity which provides information technology services and solutions in India, the Americas, Europe, and internationally. Tech Mahindra was founded in 1986 and is based in Pune, Maharshtra.


DEAL STATS #
Overall 8 of 16
Sector: Information Technology M&A 4 of 8
Type: Add-on Acquisition M&A Deals 7 of 15
Country: Cyprus M&A 1 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 Lightbridge Communications

McLean, Virginia, United States

Lightbridge Communications Corporation provides advanced wireless and wireline network services and solutions to Government, Enterprise and the Telecommunications industry.

Buy $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-27 Target Group

Cardiff, United Kingdom

Target Group Ltd. is a provider of business process outsourcing (BPO) and software solutions for over 50 major financial institutions across the globe, including clients such as Goldman Sachs, Morgan Stanley, Credit Suisse, Barclays and Shawbrook Bank.

Buy £112M