tech-economictimes-indiatimes
Tech Mahindra acquires Com Tec, invests in two insurtech platforms
Tech Mahindra NSE -3.58 % Ltd. has acquired European IT firm Com Tec Co IT Ltd. for €310 million, including earnouts and synergy-linked payouts. CTC is an IT solutions and services provider catering to the insurance and financial services industries, with development centres in Latvia and Belarus.