Acquisitions13 Jun 2024, 01:50 am
SAKSOFT LTD. to Acquire 100% Equity Interest in Augmento Labs Private Limited for Rs. 45 Crores
AI Summary
SAKSOFT LTD., a digital transformation partner, has announced the execution of a Share Purchase Agreement to acquire 100% equity interest in Augmento Labs Private Limited. Augmento Labs, a Digital Engineering Company with enterprise clients across India and US, had a turnover of around Rs. 45 crores for the year ended March 31, 2024. The acquisition will strengthen SAKSOFT's capability in the Digital Engineering space and provide access to Enterprise clients. No government or regulatory approval is required for the acquisition.
Key Highlights
- SAKSOFT LTD. to acquire 100% equity interest in Augmento Labs Private Limited
- Augmento Labs is a Digital Engineering Company with enterprise clients in India and US
- Augmento Labs had a turnover of around Rs. 45 crores for the year ended March 31, 2024
- The acquisition will strengthen SAKSOFT's capability in the Digital Engineering space
- No government or regulatory approval is required for the acquisition