KPIT Cummins buys Sparta for Rs 180 cr

Despite lower revenue projections this financial year, Pune-based manufacturing solutions provider KPIT Cummins Infosystems has entered into a definitive merger agreement to acquire US-based SAP specialist Sparta Consultant for Rs 180 crore.

The merger of Sparta with KPIT Cummins Infosystems would materialise in about two months while the all-cash-payment would happen over next three years.