TA Associates funds $40 Million to Tega
Printer Print Email Email
Kolkata: Kolkata-based engineering company, Tega Industries, received a fund of $40 million from TA Associates of the U.S, reports Mint. Tega are involved in making products for use in mineral processing, material handling and grinding. The fund will be utilized towards organic and inorganic growth options when the company goes in for large acquisitions. They are looking forward for acquisitions in the U.S. The acquisition of Chile's Acotec SA and Australia's Losugen Pty earlier this year, expects to take Tega's revenue to over 10 billion. For the recent deal and the past two acquisitions, Avendus played the role of an advisor.

Digital Supply Chain Transformation – Winning the AI/ML Way