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Tech Mahindra Acquires Majority Stake in Perigord Asset Holdings Limited


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Tech Mahindra announced that it has acquired 70% stake in Perigord Asset Holdings Limited (“Perigord”), a digital workflow and artwork, labelling and BPO services firm. This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors.
The strategic partnership will strengthen Tech Mahindra’s position as a leading digital transformation enabler in the artwork and packaging services space with an integrated platform and services portfolio. Additionally, Tech Mahindra will leverage Perigord’s expertise and offerings to extend capabilities towards delivering efficiency and automation levers, across sectors including consumer-packaged goods (CPG), medical devices and over the counter (OTC) products to enable growth and scalability in the future. The acquisition is a part of Tech Mahindra’s long-term growth plan to build presence across key markets in Ireland, Germany, USA, and India with en ....

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Tech Mahindra acquires majority stake in Perigord Asset Holdings


Tech Mahindra acquires majority stake in Perigord Asset Holdings
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Last Updated: Mar 15, 2021, 10:19 AM IST
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Synopsis
This will strengthen the company’s presence in the artwork and packaging services space with an integrated platform and services portfolio.
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IT services firm
Tech Mahindra said today that it has acquired a 70% stake in Perigord Asset Holdings, a digital workflow and artwork, labelling and BPO services firm. This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors. This will strengthen the company’s presence in the artwork and packaging services space with an integrated platform and services portfolio. The company will pay Euro 21 million for a 70% stake, and the balance 30% over the next four years at a valuation linked to the company’s financial performance. Dublin, Ireland headquartered Perigord had revenues of 19.5 ....

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