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Zensar to acquire OBT Global

Zensar Technologies Ltd has signed a 'share purchase agreement' (SPA) yesterday to acquire the entire equity share capital of Hyderabad-based OBT Global Private limited, the Company informed the BSE today.

Simultaneously, Zensar Technologies Inc, the Company's wholly owned subsidiary in the United States, would be acquiring the entire common stock of OBT Global Inc, US, which is an affiliated company of OBT Global.

OBT Global and OBT Global Inc are engaged in SAP solutions, specifically focused on the Indian industry verticals of textiles, healthcare and pharmacy.
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