R Systems International Ltd. has agreed to acquire Novigo Solutions for ₹400 Crore, enhancing its digital engineering capabilities and expanding its market presence in the Middle East.
Information on the Target
R Systems International Ltd. has entered into a definitive agreement for the acquisition of Novigo Solutions, a company specializing in low-code/no-code (LCNC) development and intelligent-automation services. This strategic acquisition is anticipated to enhance R Systems' capabilities in delivering innovative digital solutions.
Novigo Solutions has demonstrated robust growth, achieving a compound annual growth rate (CAGR) of 44% over the past three years, accompanied by a healthy EBITDA margin of 25%. This consistent performance reflects the company's strong market positioning and effective operational strategies, making it an appealing target for acquisition.
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Disclosed details
Transaction Size: $48M
Revenue: $249M
EBITDA: $45M