Tooltech acquires majority stake in German software firm

By siliconindia staff writer   |   Thursday, 23 October 2003, 07:00 Hrs
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NEW DELHI: Pune-based Tooltech Software India has acquired a majority stake in German design and software company Tecodesign GmbH.

"The transaction signals Tooltech Software's strategic intent to establish a dominant position in the European software industry," a company statement said.

The statement, however, did not give details of the deal, including the stake acquired or the size of the transaction.

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