Info-tech

L&T Infotech completes Lymbyc buy

PTI New Delhi | Updated on August 30, 2019

Larsen & Toubro Infotech has completed the acquisition of Bengaluru-based advanced analytics company Lymbyc.

In July, the company had announced the acquisition of Lymbyc for an enterprise value of ₹38 crore.

“The company has completed acquisition of 100 per cent shareholding of Lymbyc. Consequently, Lymbyc is now a wholly-owned subsidiary of the company,” according to a regulatory filing.

Lymbyc Solutions has its registered office in Chennai and is headquartered in Bengaluru and has an office in Texas in the US, the filing added.

Published on August 30, 2019

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