India Digest: Cognizant, Force Motors, AltF CoWorking in M&A; Ruchi Soya-Adani deal

Photo: Bloomberg

In the M&A space, Cognizant said it has agreed to acquire SaaSfocus, a Noida-based consulting firm specializing in digital transformation while Force Motors is buying Pithampur-based manufacturing plant of MAN Trucks India Pvt Ltd, and AltF CoWorking said it has bought out co-working startup Daftar India. Meanwhile, lenders of Ruchi Soya have approved the Rs 6,000-crore takeover bid of Adani Wilmar.

Cognizant acquires SaaSfocus

Cognizant on Thursday announced that it has agreed to acquire SaaSfocus, a Noida-based consulting firm specialising in digital transformation. Financial details were not disclosed. The acquisition will expand Cognizant’s end-to-end digital transformation services and Salesforce cloud capabilities in the Asia-Pacific region. Over 350 SaaSfocus consultants will become part of Cognizant’s Salesforce practice, it said in a statement. The transaction is expected to close in the fourth quarter of 2018.

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