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Business News/ Companies / Infotech Enterprises plans European aerospace co buy
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Infotech Enterprises plans European aerospace co buy

Infotech Enterprises plans European aerospace co buy

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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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Published: 08 Feb 2011, 10:08 AM IST
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