L&T Infotech set to acquire Nielsen+Partner

Technology consulting and digital solutions firm L&T Infotech announced on Thursday that it is set to acquire Nielsen+Partner (N+P), an independent Temenos WealthSuite specialist, headquartered in Germany, for an enterprise value of 28 million euro on a cash-free, debt-free basis, which includes upfront consideration and a performance-based earn-out.

L&T Infotech (LTI) will do the acquisition via its wholly-owned subsidiary, Larsen & Toubro lnfotech GmbH, Germany. The transaction will be done via cash consideration and the closing is expected within six weeks, LTI said.