Acquisitions21 Aug 2025, 07:51 pm
R Systems Acquires Novigo Solutions, Strengthening its Product Engineering and Full-Stack Agentic-Al Capabilities
AI Summary
R Systems International Limited, a global leader in digital product engineering, has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent-automation services. The strategic acquisition creates a global digital product engineering services powerhouse with INR 20,600M (~$240M) revenue and INR 3,800M (~$45M) EBITDA. The upfront cash consideration for the transaction is INR 400 cr, with an additional stock consideration linked to future EBITDA achievement. The acquisition will be EPS accretive for R Systems since year 1.
Key Highlights
- R Systems acquires Novigo Solutions, a specialist in low-code/no-code development and intelligent-automation services.
- The acquisition creates a global digital product engineering services powerhouse with INR 20,600M (~$240M) revenue and INR 3,800M (~$45M) EBITDA.
- The upfront cash consideration for the transaction is INR 400 cr, with an additional stock consideration linked to future EBITDA achievement.
- The acquisition is expected to close in the coming weeks, subject to customary closing conditions.
- Novigo’s management team will continue to be a part of the combined platform and drive growth.