IT firm Larsen & Toubro lnfotech Monday said it has completed acquisition of Germany’s Nielsen+Partner (N+P) along with identified subsidiaries.
Last month Larsen & Toubro lnfotech had announced the acquisition of Germany’s Nielsen+Partner for EUR 28 million (approx Rs 224.15 crore).
“The company has completed acquisition of 100 per cent shareholding of N+P along with its identified subsidiaries, comprising of NIELSEN+PARTNER Untemehmensberater AG, Switzerland, NIELSEN+PARTNER Pte. Ltd, Singapore, NIELSEN+PARTNER S.A., Luxembourg, NIELSEN&PARTNER Pty Ltd, Australia and NIELSEN&PARTNER Co., Ltd, Thailand and Branch office in Belgium,” it said in a BSE filing.
With this acquisition, N+P and its identified subsidiaries are now wholly owned step-down subsidiaries of the company, the company added.
Source: Business-Standard