"The company, through its wholly-owned subsidiary, Larsen & Toubro lnfotech GmbH, Germany, has signed a definitive agreement to acquire Nielsen+Partner Unternehmensberater GmbH headquartered in Hamburg, Germany, along with its identified subsidiaries in Luxembourg, Switzerland, Thailand, Singapore and Australia and branch office in Belgium," Larsen & Toubro lnfotech said in a regulatory filing.
The enterprise value payable for the acquisition of 100 per cent share capital of Nielsen+Partner is EUR 28 million on a cash-free, debt-free basis, which includes upfront consideration and a performance based earn-out, Larsen & Toubro lnfotech said.
The acquisition is subject to customary closing conditions which are expected to get completed within six weeks, the company said.
Shares of Larsen & Toubro lnfotech were trading 0.61 per cent lower at Rs 1,772.05 apiece on BSE.
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