Mindtree to acquire UK based Bluefin Solutions

In all cash transaction for GBP 42.3 million

Mindtree announced that the Board of Directors of the Company have approved the acquisition of 100% equity interest in Bluefin Solutions ('Bluefin'), a leading UK based IT solutions provider specializing in SAP HANA solutions, in an all cash transaction for GBP 42.3 million, and the definitive agreements have also been signed on 16 July 2015. The consideration includes an upfront payment of GBP 34 million and earn out of GBP 8.3 million payable over the next three years.

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