Tech Mahindra acquires New Zealand-based Tenzing, Australia's Momenton for Rs 292 Crore
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IT major Tech Mahindra on Tuesday said it has acquired Melbourne-based digital enterprise technology firm Momenton and New Zealand-based Tenzing Ltd., a technology consulting company. The acquisition of Tenzing will cost the company approximately Rs 217.3 crore, the Momenton deal will cost around Rs 75 crore. Tech Mahindra said it has acquired 100 per cent equity in both the organisations.