Tech Mahindra acquires 70% stake in Perigord Asset Holdings Limited

Tech Mahindra on Monday said it had acquired a 70% stake in Perigord Asset Holdings Limited (“Perigord”), a digital workflow and artwork, labelling and BPO services firm. The company added that the acquisition would help it “augment expertise” in the global pharmaceutical, healthcare, and life science (HLS) sectors.

With the latest acquisition, Tech Mahindra is also looking to ramp up its presence as the digital enabler in the artwork and packaging services through an integrated platform and services portfolio. It is further looking to leverage Perigord’s prowess to improve its delivering efficiency and automation levers, across sectors including consumer-packaged-goods (CPG), medical devices and over the counter (OTC) products.