Larsen & Toubro Infotech has informed the exchanges that it has, through its wholly-owned subsidiary Larsen & Toubro lnfotech GmbH, Germany, signed a definitive agreement to acquire Nielsen+Partner Unternehmensberater GmbH, headquartered in Hamburg, Germany, along with its subsidiaries in Luxembourg, Switzerland, Thailand, Singapore and Australia and branch office in Belgium.
The acquisition is subject to customary closing conditions which are expected to get completed within six weeks. The company will inform of the closure of the transaction to the bourses, it said. Shares of L&T Infotech closed at ₹ 1,774.85 on the NSE, down 0.45 per cent from the last close.