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Infotech Enterprises plans European aerospace co buy

Infotech Enterprises plans European aerospace co buy
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First Published: Tue, Feb 08 2011. 10 08 AM IST
Updated: Tue, Feb 08 2011. 10 08 AM IST
Mumbai: Infotech Enterprises Ltd said on Tuesday it expects to acquire a European aerospace services company for about $20 million, later this year.
The firm is in talks with 3-4 firms valued between $10-20 million in the aerospace sector, and the acquisitions will bring high-end competencies to the company’s global aerospace practice.
Infotech expects its revenues to grow about 26% during the fiscal. It gets around 40% of its revenue from the aerospace sector, the company said.
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First Published: Tue, Feb 08 2011. 10 08 AM IST