NTT Data acquires U.S. system group Intelligroup

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NTT Data Corp will acquire U. S. information system firm Intelligroup Inc as part of its global expansion. If NTT Data succeeds in obtaining all Intelligroup shares through a tender offer, the acquisition will cost about 18 billion yen.

The U.S. firm has agreed to the takeover. Intelligroup posted 11.3 billion yen in sales and about 1 billion yen in net profit for the year ended last December. The firm employs 2,100 and has software development operations in India.

It builds core information systems for businesses, with major electronics manufacturers and drugmakers among its clients. The firm is seeking acquisition opportunities to further its acceleration