Acquisitions14 Jan 2026, 09:30 pm
Tata Consultancy Services Completes Acquisition of Coastal Cloud Holdings, LLC
AI Summary
Tata Consultancy Services Limited (TCS) has completed the acquisition of 100% equity interest in Coastal Cloud Holdings, LLC, including its subsidiaries. The acquisition was structured in two parts: (i) Trident LE, LLC, a wholly-owned subsidiary of ListEngage Midco, LLC, merged with Coastal Cloud, representing the acquisition of 86% of the equity interest; and (ii) TCS North America Corporation acquired the remaining 14% through acquisition of 100% of the equity interest in SCP V-B Blocker III LLC. This acquisition will result in three subsidiaries of Coastal Cloud in the USA and one in Canada becoming indirect subsidiaries of TCS.
Key Highlights
- TCS has completed the acquisition of Coastal Cloud Holdings, LLC, and its subsidiaries.
- The acquisition was structured in two parts, involving Trident LE, LLC and TCS North America Corporation.
- The acquisition will result in three subsidiaries of Coastal Cloud in the USA and one in Canada becoming indirect subsidiaries of TCS.
- Coastal Cloud's area of business includes advisory and AI services, IT and IT Enabled Services.
- The rationale for the acquisition is to rationalize the group structure of TCS.