Tech Mahindra buys 70% stake in BPO firm Perigord

Tech Mahindra has acquired 70 percent stake in Perigord Asset Holdings, a digital workflow and artwork, labelling and BPO services firm.
Tech Mahindra Lab
This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors. Tech Mahindra did not dislose the financial terms of the deal.

Perigord has a global base of 400+ designers, analysts, and developers spread across Ireland, Germany, USA, and India.

The investment in Perigord 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.

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 growth plan to build presence across key markets in Ireland, Germany, USA, and India with enhanced global delivery.

Vivek Agarwal, president – BFSI, HLS and Corporate Development, Tech Mahindra, said, “Healthcare and Lifesciences (HLS) is a key vertical for Tech Mahindra and this acquisition will expand our footprint globally in these domains.”

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