Datamatics arm Lumina to acquire 100% stake in digital publishing player TNQ Tech for ₹336 crore – CNBC TV18

IT company Datamatics Global Services Ltd on Monday (December 9) announced its wholly-owned subsidiary Lumina Datamatics Ltd will acquire a 100% stake in TNQ Tech Private Ltd, a Chennai-based digital publishing technology and services provider.

The acquisition will occur in two tranches under the terms of definitive agreements signed on December 9, 2024. The first tranche, valued at ₹336 crore, will secure an 80% stake by December 31, 2024, while the remaining 20% will be acquired by July 31, 2026, subject to EBITDA and other conditions outlined in the agreements.

“…we would like to inform you that Lumina Datamatics Ltd, a material wholly owned subsidiary of Datamatics Global Services Ltd (the Company), has agreed to sign the Share Purchase Agreement, Shareholders Agreement and other agreements (Definitive Agreements) on December 09, 2024 to acquire 100% stake in TNQ Tech Private Ltd (TNQTech), a Chennai based digital publishing technology and services company renowned for quality, efficiency, and innovation through purchase of shares from its existing shareholders in one or more tranches in accordance with the terms of Definitive Agreements,” according to a stock exchange filing.

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TNQ Tech, recognised for its innovative publishing solutions, reported a turnover of ₹289.49 crore for the fiscal year ending September 2024. This acquisition positions Datamatics as a dominant player in the digital publishing sector, bolstering its workforce to over 6,500 employees globally.

TNQ Tech’s expertise in AI-enabled technology for leading international publishers and academic institutions will complement Datamatics’ existing capabilities, strengthening its end-to-end content management solutions.

TNQ Tech operates in India, Europe, and North America, offering pre-press publishing, design services, and software solutions. The deal, free of related-party conflicts, aligns with Datamatics’ strategy to enhance its digital content offerings and expand its global footprint. Post-acquisition, TNQ will operate as a step-down subsidiary of Datamatics Global Services.

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Shares of Datamatics Global Services Ltdended at ₹641, up by ₹13.60, or 2.17%, on the BSE.