Larsen & Toubro Infotech closes acquisition of Nielsen+Partner

Date: 2019-03-05   Author: Pankaj Singh  Category: #news

Larsen & Toubro Infotech closes acquisition of Nielsen+Partner

Larsen & Toubro Infotech (LTI), the Mumbai-based, global IT solutions & services company, has reportedly completed the acquisition of the Germany-headquartered Nielsen+Partner (N+P), along with several recognized subsidiaries.

Reportedly, LTI had announced the N+P acquisition last month by signing a definitive acquisition agreement, for about INR 224.15 crore (EUR 28 million).

As per a report, N+P is well-known for its market-leading potential in Temenos WealthSuite. The company, with a foothold in major wealth management & banking hubs like Singapore, Luxembourg and Switzerland, provides IT consultancy, digital & software engineering services to leading enterprises. The report further stated that the latest acquisition is synergistic to LTI’s Syncordis acquisition in 2017.

Syncordis, for the record, is the top Temenos T24 core banking platform expert and N+P and Syncordis are together likely to consolidate LTI’s capabilities. Post the integration, N+P’s Temenos business is expected to gain traction under the Syncordis brand and the software engineering business is likely to expand under LTI Germany.

Manuel Brunckhorst, the CEO at N+P, was quoted saying that through the strategic partnership with LTI and Syncordis, the company is likely to accelerate its growth and will endeavor to extend its services and enhance its capabilities as well.

LTI revealed in a recent statement that it has now fully acquired 100% shareholdings of N+P and its subsidiaries including Nielsen+Partner Pte. Ltd, Singapore, Nielsen+Partner Untemehmensberater AG, Switzerland, Nielsen+Partner Pty Ltd, Australia, Nielsen+Partner S.A. Luxembourg, Nielsen+Partner Co. Ltd., Thailand, and the Branch office in Belgium. The company added that N+P and its subsidiaries are now its wholly-owned, step-down subsidiaries, after the acquisition.

According to Guillaume Desjonqueres, the CEO at Syncordis, the company has been growing exponentially since its acquisition by LTI. With LTI’s N+P acquisition, the company will now be able to expand its Temenos offerings as well as its footprints outside Europe. He added that together with LTI and N+P, the firm will offer innovative services to the Temenos clients in the global space for banking & wealth management.



About Author


Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Antenatal Screening Market Share, By Product Analysis, Application, End-Use, Regional Outlook, Competitive Strategies & Forecast up to 2028

Author: Ashwin Naphade

Global Antenatal Screening Market, 2022-2028 Research Report provides crucial statistics on the market status of the Global Antenatal Screening manufacturers and is a respected source of guidance and direction for companies and individuals interes...


Pediatric Vitrectomy Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2028

Author: Ashwin Naphade

Global Pediatric Vitrectomy market report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

The Pediatric Vitrectomy market repor...


Legionnaire Disease Testing Market Comprehensive Analysis, Share, Growth Forecast from 2022 to 2028c

Author: Ashwin Naphade

This report studies the Global Legionnaire Disease Testing market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, ...