Mumbai, Aug. 22 -- Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent-automation services. It has been growing strongly and delivered 44% revenue CAGR over the last three years with 25% EBITDA margin and healthy free cash flow.

The strategic acquisition creates a global digital product engineering services powerhouse with Rs 2,060.0 crore (around $240 million) revenue and Rs 380.0 crore (approximately $45million) EBITDA, offering engineering, deployment, and management of enterprise-scale fleets of AI agents under a single, governed platform.

The transaction includes an upfront cash consideration of Rs 400 crore, along with additional stock consideration linked to future EBITDA achievement. The acquisi...