Teledata Informatics, a Chennai-based IT company has acquired a strategic majority stake in eSys Technologies for $105 mn. The promoter of eSys, Vikas Goel, would continue to hold 49%, in the company. eSys Technologies is a Singapore-based distributor of hard drives and PC manufacturer. eSys is a $2 bn-privately-held firm started by an Indian entrepreneur. Teledata provides software and solutions for the marine, education, telecom and utility sectors. Teledata has picked up the stake in the Singaporean company through a fresh infusion of capital.
eSys derives nearly 95% of its revenues from distribution and manufacture of hardware. It distributes hard disk drives and other computer components. It also produces personal computers, some under contract manufacturing, while it also sells under its own brand name. eSys now manufactures more than 2 mn PCs annually at its facilities in Singapore, India, US and the Middle East.
Read the article in The Economic Times.
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