Saksoft-led Singapore subsidiary acquires MC Consulting; Stock zooms ~6%

15 Feb 2022 , 02:42 PM

Saksoft Limited, a leading digital transformation solution provider, stock witnessed super rally on Tuesday’s market sesion after it has announced that its Singapore Subsidiary, (Saksoft Pte Ltd) has completed the acquisition of Singapore based MC Consulting Pte.

Speaking on this acquisition, Aditya Krishna, Chairman & Managing Director, Saksoft said, “MC Consulting’s domain expertise and experience in providing smart seaport solutions aligns well with our Logistics & Transportation focus. This acquisition fits into Saksoft Group’s strategy of Inch-wide-Mile-Deep focus that helps us reinforce our niche in the otherwise crowded market.”

Niraj Kumar Ganeriwal, COO and Group CFO, Saksoft said, “This merger also reflects our intent to invest more in the Singapore market, and commitment to provide employment to local talents.

It will help enhance our strength of vertical focussed approach and optimise cost of operations in Singapore. This is a positive step forward in our Mission to get to USD 100 Million by 2025.”

Saksoft Group’s stability and overall domain, technology expertise will be enhanced with agility and local expertise of MC Consulting.

At around 2:42 PM, Saksoft was trading at Rs933.60 apiece up by Rs50.75 or 5.75% on Sensex.