Larsen & Toubro Infotech acquires Bengaluru-based Lymbyc
Larsen & Toubro Infotech (LTI) Wednesday said it will acquire Bengaluru-based advanced analytics company Lymbyc for an enterprise value of Rs 38 crore.
The acquisition will bolster the advanced analytics, natural language processing and data visualisation capabilities of LTI, thereby enabling us to offer differentiated analytics solutions to clients, the company said in a regulatory filing said.
"The enterprise value for 100 percent share capital of Lymbyc is Rs 380 million on a cash-free, debt-free basis, which will be paid as a combination of upfront and three-year earn-out payments," it said.
It added that the consideration value is subject to working capital adjustments. The transaction is expected to be completed in four-six weeks.
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