Larsen & Toubro lnfotech completes acquisition of Germany's Nielsen plus Partner

Last month Larsen & Toubro lnfotech had announced the acquisition of Germany's Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore).

By PTI  
Monday, March 4, 2019

IT firm Larsen & Toubro lnfotech Monday said it has completed acquisition of Germany's Nielsen+Partner (N+P) along with identified subsidiaries.

Last month Larsen & Toubro lnfotech had announced the acquisition of Germany's Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore).

"The company has completed acquisition of 100 per cent shareholding of N+P along with its identified subsidiaries, comprising of NIELSEN+PARTNER Untemehmensberater AG, Switzerland, NIELSEN+PARTNER Pte. Ltd, Singapore, NIELSEN+PARTNER S.A., Luxembourg, NIELSEN&PARTNER Pty Ltd, Australia and NIELSEN&PARTNER Co., Ltd, Thailand and Branch office in Belgium," it said in a BSE filing.

With this acquisition, N+P and its identified subsidiaries are now wholly owned step-down subsidiaries of the company, the company added.

Also read: L&T Finance to raise up to Rs 1500 crore via NCD for capital and refinancing

Also read: Sebi turns down L&T proposal for Rs 9,000 crore share buyback

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