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Infosys buys German tech firm for Rs 450 million
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    infosys buys german firm
    Infosys buys German tech firm for Rs 450 million

    (20 second reading) Infosys announced that it is acquiring in-tech, an engineering R&D services provider focused on the German automotive industry. The acquisition is pegged at Rs.450million (about $480 million), and the consideration includes upfront and earnouts, excluding management incentives, and retention bonus. Infosys in 2012 acquired Swiss technology consulting firm Lodestone Holding for $350 million. And in 2019, it acquired Irish contact centre Eishtec for an undisclosed amount.

    Indian IT companies have been acquisition shy as compared with their global peers,

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