STOCKWATCH
·
IT Enabled Services
Joint Venture23 Apr 2024, 09:08 pm

Adroit Infotech Limited Announces Non-binding Agreement to Acquire US-based ERP Solutions Company

AI Summary

Adroit Infotech Limited, a NSE and BSE listed company, has entered into a non-binding share purchase agreement to acquire a US-based ERP solutions company as part of its inorganic growth strategy. Upon completion of the acquisition, Adroit's consolidated revenues and profits are expected to increase significantly. The US-based company specializes in Oracle EBS/Cloud Solutions, SAP Solutions, and Technology Staff Augmentation. This acquisition will enable Adroit to sell SAP solutions in the USA and Canada more aggressively and expand its presence in the medium and large industries segment.

Key Highlights

  • Adroit Infotech Ltd enters non-binding agreement to acquire US-based ERP solutions company
  • Acquisition aligned with inorganic growth strategy
  • Expected increase in consolidated revenues and profits
  • Specializes in Oracle EBS/Cloud Solutions, SAP Solutions, and Technology Staff Augmentation
  • Encapsulates opportunity to sell SAP solutions in USA and Canada
ADROITINFO
IT Enabled Services
Adroit Infotech Ltd

Price Impact