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Tech Mahindra to acquire K-Vision for $1.5 million to expand 5G business

K-Vision provides network services for mobile communications to telecom operators in Japan

Press Trust of India  |  New Delhi 

Tech Mahindra

IT company Tech will acquire Japan-based mobile network solution firm K-Vision for $1.5 million in an all-cash deal to support and 5G telecom network roll out in Japan.

"The investment committee of the board of directors of the company has approved the proposal to acquire 100 per cent shareholding in M/s K-Vision Co., Ltd through its wholly owned subsidiary ie Engineering Services (Europe) Limited," Tech said in a note.

K-Vision provides network services for mobile communications to telecom operators in Japan. The company earned revenue of $4.8 million during 12-month period ended January 31, 2019.

"through its wholly owned subsidiary...intends to leverage the local presence and expertise of K-Vision to build its network services business in Japan. In the near term, will support and build and roll-out in Japan for large telecom players," the note said.

The deal between and K-Vision was signed on Thursday and is expected to close by end of this month.

First Published: Thu, March 14 2019. 21:31 IST
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