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IT firm Larsen & Toubro lnfotech on Monday said it has completed the acquisition of Germany’s Nielsen+Partner (N+P) along with identified subsidiaries.
Last month Larsen & Toubro lnfotech had announced the acquisition of Germany’s Nielsen+Partner for EUR 28 million (approximately Rs 224.15 crore).
“The company has completed acquisition of 100 per cent shareholding of N+P along with its identified subsidiaries, comprising NIELSEN+PARTNER Untemehmensberater AG, Switzerland, NIELSEN+PARTNER Pte. Ltd, Singapore, NIELSEN+PARTNER S.A., Luxembourg, NIELSEN&PARTNER Pty Ltd, Australia and NIELSEN&PARTNER Co., Ltd, Thailand and branch office in Belgium,” it said in a BSE filing.
With this acquisition, N+P and its identified subsidiaries are now wholly-owned step-down subsidiaries of the company, the company added.
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