Tech Mahindra to acquire McLean-based Lightbridge Communications for $240 million
Tech Mahindra Ltd. plans to acquire McLean-based Lightbridge Communications Corp. for $240 million.
The deal is expected to close by the fourth quarter of Tech Mahindra’s 2015 fiscal year.
India-based Tech Mahindra specializes in digital transformation, consulting and business re-engineering.
Lightbridge is one-of-the world’s largest independent providers of network engineering services to the telecommunications industry.
It has more than 5,000 employees working in more than 50 countries. Its annual revenues are more than $400 million.
The company has built 350 networks and designed more than 350,000 cell sites for over 400 customers.
Tech Mahindra is a $3.4 billion company with more than 95,300 professionals in 51 countries.
The company is part of the $16.5 billion Mahindra Group, which employs more than 180,000 people in over 100 countries. Mahindra operates the industries such as tractors, utility vehicles, information technology, financial services and vacation ownership.