Mumbai, Feb. 3 -- The company will acquire InnovazIT Technologies LLC, Dubai, Gavs Technologies LLC, Oman and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology.

The said companies are engaged in application development and maintenance, infrastructure support services for large enterprises mostly in the BFSI industry in the Middle East geography. Annual revenues of the continuing operations that have been carved out is approximately $6.4 million.

The company will acquire the business for total consideration of $1.7 million. The said transaction will be completed by 15 March 2025.

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