L&T Infotech acquires AI firm Lymbyc for ₹38 crore

Date posted: Thursday 18 July 2019

Larsen & Toubro Infotech Ltd has signed a definitive agreement to acquire Lymbyc, a specialist AI, machine learning, and advanced analytics company to strengthen it’s digital and analytics offerings. The enterprise value for 100% share capital of Lymbyc is ₹38 crore on a cash-free, debt-free basis, which will be paid as a combination of upfront and three-year earn-out payments, said the company in a filing to the exchanges. The consideration value is subject to working capital adjustments.

(The Hindu)