In all cash transaction for USD 10 million
Mindtree announced that the Board of Directors of the Company have approved the acquisition of 100% of the equity interest in Relational Solutions, Inc., a US based IT solutions provider specializing in technology services to the consumer goods industry, in an all cash transaction for USD 10 million, and the definitive agreements have also been signed on 16 July 2015.The consideration includes an upfront payment of USD 7 million and earn out of USD 3 million payable over the next two years. This acquisition is subject to customary closing conditions and regulatory approvals, if any.
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