Tech Mahindra on Friday said it will acquire 70 per cent stake in Bengaluru-based Cerium Systems at an enterprise value of up to ₹245 crore. The acquisition will boost Tech Mahindra’s engineering services practice in Very Large Scale Integration and embedded software, Tech Mahindra said in a notice to the exchanges. The remaining 30 per cent stake will be acquired over the next two years at a valuation linked to its financial performance, Tech Mahindra further said.