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KPIT Technologies which is an IT firm has acquired strategic stake in Micro Fuzzy, the German based engineering services company for a fixed consideration of 9.3 million euros (around Rs 67.5 crore).
KPIT Technologies has said in a BSE filing that “It has completed agreement for a strategic partnership in a Germany headquartered engineering services company MicroFuzzy”.
It added that “The fixed consideration will be 9.3 million euro. The total consideration, which is based on achievement of certain financial parameters over the next 4 years.”
