Business Update9 Oct 2024, 02:38 pm
KPIT Technologies Acquires 26% Stake in N-Dream AG for €3 Million
AI Summary
KPIT Technologies Ltd, a company listed under the reference number 542651, has announced the acquisition of a 26% stake in N-Dream AG, a Cloud based Game Aggregation Platform company based in Switzerland. The acquisition was made in two parts: a primary investment of €2.3 million and a secondary investment of €0.7 million. This announcement comes after the company's earlier intimation dated November 9, 2023, regarding the approval of the Board of Directors for the strategic investment in N-Dream AG. KPIT continues to hold a minority and non-controlling equity holding in N-Dream post this acquisition.
Key Highlights
- KPIT Technologies acquires 26% stake in N-Dream AG
- Acquisition made in two parts: primary investment of €2.3 million and secondary investment of €0.7 million
- N-Dream AG is a Cloud based Game Aggregation Platform company based in Switzerland
- KPIT continues to hold a minority and non-controlling equity holding in N-Dream
- Announcement follows the company's earlier intimation dated November 9, 2023, regarding the approval of the Board of Directors for the strategic investment in N-Dream AG