<p>Tech Mahindra on Friday said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to $125 million.</p>.<p>The acquisition is expected to bolster Tech Mahindra's capabilities in digital experience solutions - learning and development, marketing, instructional design; and engineering - cloud and automation, analytics, and technical support services.</p>.<p>Tech Mahindra would pay total consideration of up to $125 million, including employment-related and performance-related earnouts, the company said in a regulatory filing.</p>.<p>"...the company approved the proposal to acquire 100 per cent equity shares in Allyis India Private Limited and the company's wholly-owned subsidiary viz., Tech Mahindra (Americas) Inc. approved the proposal to acquire 100 per cent equity shares in Green Investments LLC, holding company for Allyis Group," Tech Mahindra said in a BSE filing.</p>.<p>The target entity is headquartered in Seattle, USA and has more than 660 employees. "For the financial year ending December 31, 2020, the target had revenue of $39.6 million," it said.</p>.<p>Outlining the details of the target, Tech Mahindra said it offers technology consulting and managed services that help organisations reduce costs and improve performance.</p>.<p>While Allyis India Pvt Ltd was incorporated in 2018, Green Investments LLC was incorporated in 2013. The turnover of the two entities stood at $39.6 million in the calendar year 2020.</p>.<p>"The CY21 (the calendar year 2021) turnover, for the first 11 months starting 1 January 2021 to 30 November 2021 is at $45.7 million," it added. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Tech Mahindra on Friday said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to $125 million.</p>.<p>The acquisition is expected to bolster Tech Mahindra's capabilities in digital experience solutions - learning and development, marketing, instructional design; and engineering - cloud and automation, analytics, and technical support services.</p>.<p>Tech Mahindra would pay total consideration of up to $125 million, including employment-related and performance-related earnouts, the company said in a regulatory filing.</p>.<p>"...the company approved the proposal to acquire 100 per cent equity shares in Allyis India Private Limited and the company's wholly-owned subsidiary viz., Tech Mahindra (Americas) Inc. approved the proposal to acquire 100 per cent equity shares in Green Investments LLC, holding company for Allyis Group," Tech Mahindra said in a BSE filing.</p>.<p>The target entity is headquartered in Seattle, USA and has more than 660 employees. "For the financial year ending December 31, 2020, the target had revenue of $39.6 million," it said.</p>.<p>Outlining the details of the target, Tech Mahindra said it offers technology consulting and managed services that help organisations reduce costs and improve performance.</p>.<p>While Allyis India Pvt Ltd was incorporated in 2018, Green Investments LLC was incorporated in 2013. The turnover of the two entities stood at $39.6 million in the calendar year 2020.</p>.<p>"The CY21 (the calendar year 2021) turnover, for the first 11 months starting 1 January 2021 to 30 November 2021 is at $45.7 million," it added. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>