tata technologies: Tata Technologies to fully acquire ES-Tec Group for nearly Rs 775 crore

Global product engineering and digital services firm Tata Technologies on Saturday said it will acquire 100% stake in Germany-based ES-Tec Group and its subsidiaries for a total cash consideration of 75 million euros (over Rs 775 crore).

The company has entered into a definitive agreement to acquire 100 per cent equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group), Tata Technologies said in a statement.

The consideration will be paid over the next two years and includes performance-based earn-outs, it added.

“The acquisition…