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MINDTREE LTD. - Mindtree to acquire Relational Solutions, Inc.
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16 Jul 2015
MindTree Ltd has informed BSE that the Board of Directors of the Company have approved the acquisition of 100% of the equity interest in Relational Solutions, Inc a US based IT solutions provider specializing in technology services to the consumer goods industry, in an all cash transaction for USD 10 million, and the definitive agreements have also been signed on July 16, 2015. The consideration includes an upfront payment of USD 7 million and earn out of USD 3 million payable over the next two years. This acquisition is subject to customary closing conditions and regulatory approvals, if any.&lt;BR&gt;&lt;BR&gt;In this regard the Company has issued a copy of press release dated July 16, 2015 titled &quot;Mindtree to acquire Relational Solutions, Inc.&quot;
View all announcements for MINDTREE LTD. Source: BSE India