Friday, 24 March, 2023
TCS in talks to buy Deutsche Bank’s technology unit
<p>TCS is in advanced talks to acquire a technology services unit of Deutsche Bank AG, media reports said. India's biggest IT company's likely takeover of Postbank Systems AG's 1,400 employees will help Deutsche Bank to get closer to its job-cuts target. PB Systems, in the year 2015, generated 533 mn euros ($632 mn) revenue. TCS, in the year 2008, paid $505 mn to acquire Citigroup Inc.’s back-office unit. It was TCSs biggest acquisition then.</p>
Read full story at Bloomberg Quint
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