Geometric Software Solutions, provider of product lifecycle management (PLM) services, said it has acquired 17.74 per cent equity stake in US-based TekSoft Inc, making it a wholly owned subsidiary of the company.
However, the company did not furnish any financial details of the acquisition.
The company already held 82.26 per cent stake in TekSoft and with this buy out, the US firm has now become a wholly owned subsidiary of Geometric Software Solutions, it said in a filing to the BSE. Geometric Software Solutions Inc is a wholly owned subsidiary of Geometric Software Solutions, it said.
Geometric Soft buys 18% stake in US firm
Press Trust Of India / Mumbai Aug 12, 2007, 22:39 IST
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