Sept. 26 (Bloomberg) — Tata Consultancy Services Ltd. is weighing acquisitions in France, Germany, Japan and the U.S. as Asia’s biggest computer services provider by market value sees further rising demand despite global economic woes. […]
Chandrasekaran declined to comment on a Sept. 7 report by Financial Times Deutschland that Tata Consultancy may learn the outcome of a bid for a majority share in the information technology arm of Deutsche Lufthansa AG after a Sept. 29 board meeting of the German airline. […]
Source: BusinessWeek, 26.09.2011.
According to a report in the Economic Times, dated 6th Sept. 2011:
India’s largest software services exporter, Tata Consultancy Services, has put in a bid valued at $500 million to acquire a controlling stake in Lufthansa IT systems, the captive information technology unit of the Frankfurt-based airline, two people said on condition of anonymity.
TCS is in talks to negotiate a multi-year contract from Lufthansa which could yield revenues in excess of $2 billion for the company according to people familiar with the bidding process.
Credit Suisse is advising TCS on its bid for Lufthansa IT systems.
According to Lufthansa System’s website:
Lufthansa Systems provides consulting and IT services for selected industries and has a leading position in the global aviation industry. The wholly-owned subsidiary of the Lufthansa Group offers its customers the entire range of IT-services, including consulting, development and implementation of industry solutions as well as operations.
At its headquarters in Kelsterbach near Frankfurt/Main, Germany, the company operates one of the most modern data centers in Europe. Lufthansa Systems has offices in Germany and 16 other countries and employs about 3,000 people.
(Site accessed on: 10.09.2011)
Lufthansa Systems also has a strong presence in the Metropolitan Region of Hamburg, where it operates 3 branch offices, including one in Norderstedt.