Datamatics Expands with TNQ Tech Acquisition

Datamatics Global Services Ltd announced that its subsidiary, Lumina Datamatics, will acquire a 100% stake in TNQ Tech Private Ltd for ₹336 crore. This acquisition will be completed in two tranches: 80% by December 31, 2024, and the remaining 20% by July 31, 2026. TNQ Tech, known for its AI-enabled digital publishing solutions, will enhance Datamatics’ capabilities in content management. This move aligns with Datamatics’ strategy to expand its digital content offerings and global footprint. Shares of Datamatics rose by 2.17% following the announcement.