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SQS completes delayed Indian acquisition
Thu, 03rd Apr 2014 16:36
Anglo-German software testing business SQS Software Quality Systems has acquired 53.35 per cent of India-based Thinksoft, deal described as 'game-changing' by analysts.Shares in SQS rose 5p, or 1%, to 545p as the news was announced not long before close on Thursday. The tender offer process had required shareholder approval, which delayed the purchase by a few months.The addition of Thinksoft will significantly strengthen the Aim-listed company's offshore capabilities.OH
SQS Software Quality Systems AG
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