MUMBAI: The board of R Systems International has approved the acquisition of Sento Europe BV of The Netherlands and Sento SAS of France (collectively known as Sento Europe) from Sento Corporation of US.
It is anticipated that the acquisition will be completed before January 15, 2008.
Sento Europe, with operations in Enschede, Netherlands and Metz, France, provides integrated technical support and customer care services. It achieved revenues of $14.85 million in the year ended March 2007.
"The combination of R Systems and Sento Europe will strategically compliment the iPLM business with a strong base in Europe, and will be accretive to our earnings in FY 2008," said Rekhi Singh, CEO of R Systems.
At 9:57 am, R Systems shares were up 6.12 per cent at Rs 118 on BSE.
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