Mindtree to acquire L&T’s NxT Digital Business for ₹198 crore

NEW DELHI : Mindtree on Thursday said it will acquire the NxT Digital Business from Larsen and Toubro (L&T) for ₹198 crore, a move that will enable the mid-sized IT firm to capture opportunities in the IoT and Industry 4.0 space.

The acquisition would enable Mindtree to capture opportunities in the IoT and Industry 4.0 market by leveraging NxT Digital Business capabilities to cross-sell and create holistic solutions for new prospects as well as for existing clients, a regulatory filing said.

Capability in this space will bolster Mindtree’s vision to leverage existing digital strengths and aim to become a ‘Go-to business transformation partner’ for clients, it added.