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ASM Technologies acquires US firm |
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ASM Technologies signed a definitive agreement to acquire 100% stake in Enterprise Software Resources (ESR) an US based firm in an all cash deal. |
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This acquisition is through the company`s wholly owned subsidiary in Singapore, Advanced Synergic Pte and financed by Indian Bank, Singapore. |
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ESR is engaged in the business of assisting large corporations and Fortune 500 companies with Enterprise Applications from last 10 years. |
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Commenting on this buyout managing director, ASM Technologies, Rabindra Srikantan said ``ESR with their high end consulting is a strategic fit for ASM. We are very fortunate to have an expert like John Seitz join us and look forward to growing our SAP practice under his guidance leadership.`` |
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Shares of the company declined Rs 0.8, or 2.32%, to trade at Rs 33.7. The total volume of shares traded was 1,905 at the BSE.(3.27 pm ,Thursday) |
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