Happiest Minds acquires Pimcore Global Services for $8.25 million

Happiest Minds Technologies Ltd will acquire US-based Pimcore Global Services for USD 8.25 million (about Rs 60 crore).

Houston-based Pimcore Global Services is a digital e-commerce and data management solutions company.

“Happiest Minds Technologies Ltd has concluded and signed definitive agreements to acquire 100 per cent ownership interest of PGS Inc (doing business as Pimcore Global Services) for a consideration of USD 8.25 million,” Happiest Minds said in a regulatory filing late Friday night.

The acquisition will further strengthen Happiest Minds’ offerings and leadership in the digital transformation space, it added.

It will also help create greater digital capital for customers and facilitate onboarding more customer logos of strategic consequence. The acquisition is subject to customary closing conditions and is expected to close in the quarter ended March 31, 2021.