Mumbai, Sep 29 (Inditop.com) Software major MindTree said it would acquire the Bangalore-based subsidiary of Kyocera Wireless by making an upfront payment of $6 million, while further payments would be linked to revenues in the next two fiscals.
“We expect this acquisition to contribute approximately $9 million in revenues for the period October 2009 to March 2010, with profit after tax expected to be in the range of 13-15 percent,” MindTree said in a regulatory statement.
Kyocera Wireless employs about 600 people in its development centre at Bangalore.
