Mahindra and Mahindra plans to make acquisitions in Britain and Europe to bolster its software and outsourcing business, a report has said.
Mr Anand Mahindra, the group's Managing Director, told The Times that the group was seeking acquisitions to strengthen Mahindra Satyam's access to the European market.
“IT acquisitions are certainly part of the agenda. My view is that this is an enormously opportune time to look for companies that provide channels to overseas markets,” he said.
Mahindra is looking at IT companies specialising in healthcare and financial services in Europe, as well as in Australia and New Zealand, where the group is considered underweight. It employs more than 119,900 people including more than 31,000 in its technology business.