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Profitability of Inter-Informatics will change with synergies, says Tech Mahindra

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Profitability of Inter-Informatics will change with synergies, says Tech Mahindra

Tech Mahindra, which is set to acquire Czech-based firm Inter-Informatics, believes the profitability of the latter will increase with synergies.

“The acquisition today is not very profitable, so we have to look at it in that context, but the way we are thinking about it-with the synergies the picture will change,” said Manoj Bhat, CFO of the company.
Tech Mahindra is set to acquire Inter-Informatics for an enterprise value of 5.4 million euro which is to be paid in cash. The company with a reported revenue of $10.7 million has presence in the Czech Republic and Romania.
He said that the Inter-Informatics acquisition is a strategic one.
“We will fit into the broader Tech Mahindra capability set in engineering services and then scale up the business over a period of time,” he further mentioned.
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