Hinduja Tech Ltd, a subsidiary of Ashok Leyland, acquires Tecosim Group for 21 million euros at enterprise value. Tecosim, generating 40 million euros turnover and employing 650, enhances sustainable transport services. CEO Kumar Prabhas and MD Udo Jankowski foresee strategic benefits and propose a unified brand. The integration process is pending regulatory approvals as stated in a filing. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
