Bangalore-based Global Edge Software, an embedded software solutions and services company, has acquired Dearborn Electronics (India), an unlisted entity that specialises in providing technology to the automotive sector.
While Global Edge did not disclose the acquisition amount, officials said that it was an all-cash deal.
With the acquisition, Global Edge gets a foothold into the automotive technology area and 100 engineers of Dearborn Electronics who count some major automotive Original Equipment Makers (OEM) in the US and Europe as its clients.
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