KPIT pays US dollars 6 million for 100 percent of OXI
KPITTECH · price
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On October 10, KPIT Technologies (UK) Limited paid US dollars 6 million for 100 percent of OXI SRL Italy. This follows the August 15 payment of US dollars 51 million for 100 percent stakes in Caresoft entities in the US, UK and Mexico. The overall deal consideration is up to US dollars 157 million, including US dollars 15 million tied to revenue and synergy milestones.
Adds Caresoft's Italian unit to KPIT and may support growth, but up to US dollars 15 million of the price depends on revenue and synergy targets.