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GROWING BIGGER: Mr K. Padmanabhan (left), MD, Teledata Informatics Ltd, and Mr Vikas Goel, CMD, eSys Technologies Pte Ltd, at a press conference in Mumbai on Monday. - Paul Noronha

Chennai, Feb. 19

The Chennai-based Teledata Informatics Ltd has invested $105 million (around Rs 470 crore) to acquire majority stake in eSys Technologies, a Singapore-based IT distribution major and PC maker, according to a Teledata communication to the Bombay Stock Exchange. eSys started as a technology components distributor in 2000 and now has presence in more than 30 countries. It diversified into PC manufacturing with four manufacturing plants located in Singapore, UAE, the US and India. Teledata provides enterprise-wide solutions for the marine, education, telecom and utility sectors.

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