Integration of IKYA and MFX to form Global Technology Services Group
Thomas Cook (India) announced that IKYA, a subsidiary of Thomas Cook (India), entered into a definitive agreement on 03 November 2014 with Fairfax Financial Holdings ('Fairfax), to acquire 49% stake in MFXchange Holdings, Inc (MFX), a wholly owned subsidiary of Fairfax. The integration of MFX with IKYA will result in the formation of the Global Technology Services Group ('GTS Group"), marking IKYA's entry into the IT Services and Solutions space in the North American market.Powered by Capital Market - Live News
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