Current Affairs - Business - Discussion

Larsen & Toubro Infotech Ltd. (LTI) has signed a definitive agreement to acquire Germany's Nielsen+Partner (N+P), an independent Temenos WealthSuite specialist, for Euro 28 million on a cash-free, debt-free basis, which includes upfront consideration and a performance-based earn-out. N+P is a leading partner of Temenos in Europe and APAC with subsidiaries in Luxembourg, Switzerland, Thailand, Singapore and Australia and branch office in Belgium.