Capillary Technologies India Ltd to Acquire Session M Inc. for $20 Million

Capillary Technologies India Ltd has approved an investment in its Wholly Owned Subsidiary, Capillary Pte. Ltd., for the purpose of acquiring 100% shareholding in Session M Inc., a wholly owned subsidiary of Mastercard Inc., and its wholly owned subsidiary, Session M Czech Republic s.r.o. The acquisition is subject to customary conditions precedent and applicable regulatory approvals. The acquisition is part of Capillary’s inorganic growth plans to strengthen its presence in the North American, LATAM loyalty markets and adds to our APAC portfolio. The base consideration is $20 Million, subject to customary closing adjustments towards net debt, working capital and other adjustments as set out in the definitive agreements.