Datamatics Global Services, through its subsidiary Lumina Datamatics, has finalized an agreement to acquire a 100% stake in Chennai-based TNQ Tech Private Limited, a renowned digital publishing and services company. The acquisition, valued at ₹336 crore for the first tranche, is expected to close by December 31, 2024.
Key Highlights:
- Target Company: TNQ Tech specializes in pre-press publishing, design services, and software development for leading international publishers of scientific, medical, and technical journals.
- Revenue Performance: TNQ Tech reported a revenue of ₹289.49 crore for FY 2023-24, showcasing strong market presence and financial stability.
- Strategic Objectives: The acquisition aims to:
- Enhance Datamatics’ global presence in the digital content and publishing solutions market.
- Strengthen its suite of AI-enabled technology and product offerings, widely used by prestigious publishers and associations globally.
- Expand its global workforce to over 6,500 employees post-acquisition.
- Industry Impact: This move solidifies Datamatics’ position as a dominant service provider in the digital publishing ecosystem, offering end-to-end content workflows from online content creation to delivery.
Post-acquisition, TNQ Tech will operate as a step-down subsidiary of Datamatics Global Services Limited, aligning with the parent company’s long-term growth strategy in technology-driven publishing solutions.
