Tuesday, October 21, 2025
spot_img

Tech Mahindra to acquire Tenzing Group and Momenton

spot_img
- Advertisement -

Tech Mahindra to acquire Tenzing Group, Momenton for Rs 293 crore

IT firm Tech Mahindra on Friday stated it’s going to purchase full stake in New Zealand-based Tenzing Group and Australian IT agency Momenton for a cumulative quantity of round Rs 293 crore. The corporate will purchase Auckland-headquartered consulting agency Tenzing Group for about Rs 218 crore and Melbourne-based cloud and engineering companies agency Momenton for about Rs 75 crore.

“The acquisition of Momenton and Tenzing is according to our technique to strengthen our digital capabilities, and supply our shoppers end-to-end transformation companies,” Vivek Agarwal, head (company improvement) and international head (healthcare and monetary companies) at Tech Mahindra, instructed .

He added that your complete crew of each the businesses will be a part of Tech Mahindra.

Tenzing Group will herald round 145 workers to Tech Mahindra and Momenton Pty Ltd, 55 workers.

The acquisition of Tenzing Group is anticipated to shut on the finish of November, and the method for Momenton is anticipated to shut by March 31.

“Each Momenton and Tenzing Group have been working within the Australia and New Zealand market with give attention to monetary companies. We want to improve our capabilities there. We do have a large presence within the Australia and New Zealand markets,” Agarwal stated.

He additionally stated these acquisitions will assist the corporate add extra visibility within the verticals they function in.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Cognizant Fires Employee Union Leader Citing ‘Performance Issues’

Cognizant Fires an employee Elavarasan Raja holds the position...

KPMG in U.S. and Canada launched Metaverse collaboration hub

KPMG in the U.S. and KPMG in Canada announced...

TCS MBA hiring registration deadline ends soon, Check the details

India’s largest IT services provider, Tata Consultancy Services (TCS)...

MIT is offering free online courses; Check details here

A coeducational, privately endowed research university, Massachusetts Institute of...

Acko appoints Satheesh K V as Chief People Officer

Acko, a leading digital insurance company appoints Satheesh K...

HCL Technologies Launches Early Career Program in Vietnam

HCL Technologies (HCL), a leading global technology company, has...

NTPC launches Girl Empowerment Mission for Corporate Responsibility

India’s largest integrated power company, NTPC Limited, is preparing...

Tech and Engineering Jobs Driven by GCC Amid Muted IT Services

While traditional IT services companies face a slowdown, a...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/