New Delhi, India: Rolta India is looking at a small-ticket acquisition in the US between 5-20 million range and centres around IP to make its solutions robust. The company has been doing these acquisitions from time to time because that has been its strategy. So in that regard, the company is considering certain more acquisitions in the line of homeland security, GIS and business intelligence, according to KK Singh, CMD, Rolta India.
In an interview with The Economic Times, Singh said, “In next 30-45 days, we should be able to finalise one such technology acquisition in the homeland security side.”.
“Acquisitions are a key to the technology side only. We are not looking for acquisitions into today’s market unless and until they bring tremendous opportunity to us and open up the market or the customer or give us a track record or people or very key technologies. So we are looking in all the three business segments – geospatial, engineering or enterprise IT,” Singh added.
Given that the company is going to acquire two or three companies soon, Singh is expecting about 15 per cent growth during this financial year.
The enterprise geospatial and defence constitutes about 50 per cent of the revenues of the business followed by the engineering design and operation solutions and the enterprise IT solutions (both contribute 25 per cent each).
Source: The Economic Times