ALSO READTech Mahindra Q4 profit dives 33 percent on weak margins Tech Mahindra first-quarter profit rises about 7 percent, beats estimates Tech Mahindra first-quarter profit rises beats estimates Tech Mahindra Q4 net profit drops 31% to Rs 588 crore Tech Mahindra tumbles nearly 12%; mcap dips by Rs 4,849 cr
Software services major Tech Mahindra today said it has become one of the tech partners of US-based medical devices company, Terumo BCT. As Terumo's global Innovation and Development (I&D) partner, Tech Mahindra will provide medical device engineering services out of a dedicated Offshore Development Centre (ODC) at its Bengaluru campus, a statement today said. This partnership extends Tech Mahindra's existing relationship with Terumo BCT, it added. "This initiative with Tech Mahindra is designed to complement and extend Terumo BCT's global development capabilities with a particular focus on the India market," the statement said. No financial details of the partnership were disclosed. Terumo BCT is headquartered in Lakewood, Colorado and serves customers across 130 countries.
It is a leading player in the blood processing systems market.