NIIT Tech acquires 100% stake in Softec

New Delhi, Feb 28 (UNI) NIIT Technologies Ltd today said it has signed a Share Purchase Agreement with the shareholders of Softec GmbH, Germany for acquisition of 100 per cent of share capital of Softec for an undisclosed sum.

Softec is a company focusing on providing IT solutions and services worldwide in the airline revenue accounting and operations space, said a statement.

They have a major market share of about 40 small to medium airlines within Europe, Africa and Asia, it added.

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