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.

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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.

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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

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