NEW DELHI, INDIA: NIIT Technologies Limited today announced that it has acquired German-based SofTec, provider of IT solutions and services in the airline revenue accounting and operations space.
The acquisition will further strengthen NIIT Technologies' presence in the travel, transportation and logistics vertical.
The new company would be a wholly owned subsidiary of NIIT Technologies Ltd, India.
Peter Oncken, managing director of Softec, said, 'SofTec's financial and operations solutions have been implemented by more than 40 airlines mainly in Europe. SofTec's industry specialization and access to the complete portfolio of NIIT Technologies' services will enhance value to our customer base.”