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KPIT Cummins to buy French firm

MUMBAI: KPIT Cummins Infosystems Ltd., an IT consulting organisation, has entered into a definitive agreement to acquire Pivolis, a French company, providing offshore consulting services. KPIT Cummins will acquire substantial stake in Pivolis for a consideration of 1.75 million euro in cash and stock. The balance will be acquired within three years. The payment for the remaining stake will be based on the offshore revenues of Pivolis.

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