Tech Mahindra acquires Brazil-based Alyis Serviços for about Rs 2.21 crores

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AI summary

Tech Mahindra's wholly-owned subsidiary Tech Mahindra Servicos De Informatica S.A signed a Quota Purchase Agreement with Orange Business Services Brasil to acquire 100 percent of Alyis Serviços Técnicos LTDA, a Brazil-based IT services firm with around 270 employees serving the telecom sector. The deal is valued at BRL 1.2 million (about Rs 2.21 crores) in cash. Alyis was incorporated on 27 May 2026 and has nil turnover so far. The acquisition supports Tech Mahindra's partnership with Orange Business for IT and customer support in the LATAM region. Completion is expected on 2 July 2026.

Likely market impact

Small bolt-on acquisition aligned with the Orange Business partnership. May strengthen LATAM telecom IT capabilities but limited financial impact at Rs 2.21 crores.