Tech Mahindra to pay Rs 490 crore to acquire 65% stake in MadPow

Tech Mahindra is planning to pay about Rs 490 crore to acquire 65 per cent stake in US-based strategic design consultancy firm MadPow. MadPow acquisition is expected to help the company to boost its capabilities in customer experience and digital transformation, user experience design, behaviour change design, content strategy, mobile app and web development, data science and analytics, among others.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.

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