European chemicals giant BASF has sold its IT services business to Tech Mahindra, with 60 employees to transfer to the Indian services firm.
BASF Business Services Consult is the part of the business that serves external customers. This part will move to Tech Mahindra. The other services part of the business, which serves BASF internally, will remain in the company.
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Tech Mahindra has a services relationship with BASF. The deal will give BASF application and infrastructure business services resources in Europe.
Vikram Nair, head of Europe at Tech Mahindra, said this is part of the company’s increasing focus on the European market.
“It will bring us closer to our customers and will help us to deliver holistic solutions. I’m confident that the acquisition will spur rapid growth in this region.”
Meanwhile Accenture has increased its European footprint with the acquisition of Budapest headquarted software development company evopro group. The takeover, which is now complete, sees more than 600 skilled employees in Germany, Hungary, Romania and Turkey join Accenture.
Evopro Group specialises in industrial and embedded software development and services.