M&A

M&A

Germany-based Nagarro to acquire IT Services firm Infocore

Advisor Release  

Germany-based, DAX-listed Nagarro is to acquire a 100% equity stake in Bangalore-based Infocore, a specialist in Industry 4.0 solutions. Spark Financial Holdings acted as the exclusive financial advisors to Infocore and its selling shareholders. Founded in 2014, Infocore designs and implements industry-leading engineering and manufacturing software. Employing approximately 100 people, the Ehsan Shariff and Abu Malick co-founded company focuses on Product Lifecycle Management (PLM) and Manufacturing Operations Management (MOM) solutions, where it leverages its partnership with Siemens Digital Industries Software. Outside of Bangalore and Pune, Infocore has offices in Germany, USA and the UAE.