Lumina Datamatics to Acquire Controlling Stake in TNQTech, Boosting Global Workforce to 6,500
Lumina Datamatics, a leading global services provider in digital Content Services, Retail Support Services, and Technology Solutions, has signed a definitive agreement to acquire a controlling stake in TNQTech, a Chennai-based publishing technology and services company. TNQTech is known for its quality, efficiency, and innovation in Al-enabled technology for scholarly publishers. The acquisition will strengthen Lumina Datamatics' position in the digital content world, expanding its capabilities and global workforce to over 6,500 employees. The combined expertise of both companies will enhance their suite of Al-enabled technology and products, serving some of the largest commercial publishers, prestigious learned societies, associations, and university presses.
Key Highlights
- Lumina Datamatics to acquire controlling stake in TNQTech, a Chennai-based publishing technology and services company.
- TNQTech is renowned for quality, efficiency, and innovation in Al-enabled technology for scholarly publishers.
- The acquisition will strengthen Lumina Datamatics' position in the digital content world, expanding its capabilities and global workforce to over 6,500 employees.
- Combined expertise will enhance their suite of Al-enabled technology and products, serving some of the largest commercial publishers, prestigious learned societies, associations, and university presses.
- Deloitte Touche Tohmatsu India LLP acted as exclusive M&A financial advisor to Lumina Datamatics, and ICICI Securities acted as exclusive financial advisor to the shareholders of TNQTech.