TVS Electronics has received an approval to acquire certain growth business of TVS-E Servicetec together with customer contracts, assets, systems and processes and other rights, subject to requisite consents effective October 01, 2011. The board at its meeting held on November 10, 2011 has approved for the same.
As part of its growth initiatives, the company in addition to its existing product portfolio of transaction automation products will provide one stop shop for its customers offering end to end products, services, solutions and support. The company has over the years built service and support infrastructure in this direction.
Earlier, the company had informed vide its letter dated July 23, 2011, the steps it proposed to take for its growth strategy like building solution and services capabilities, for providing enterprise solutions and managed services to customers in sectors like banking, financial services, retail, hospitality, healthcare, etc.
Both companies are part of TVS Investments - belonging to the $3.5 billion Japan-based TVS group. TVS Electronics started as an IT peripherals maker and has transformed into an IT transaction solution provider and business process outsourcing partner.
TVS-E Servicetec stemmed from providing warranty and post warranty support for the TVS Electronics range of computer peripheral products. The company later expanded to installation and support of products like cellphones, point of sales devices, desktops, laptops, credit card terminals, ATMs, petro-station automation projects and telecom base station projects.
| Company Name | CMP |
|---|---|
| Redington | 191.50 |
| Adani Enterprises | 2182.55 |
| Amrapali Industries | 18.01 |
| Rashi Peripheral | 361.95 |
| Compuage Infocom | 2.58 |
| View more.. | |
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