Tech Mahindra to acquire 80% stake in Australian AI firm Geomatic.ai

Tech Mahindra to acquire 80% stake in Australian AI firm Geomatic.ai

Tech Mahindra said that its subsidiary Tech Mahindra (Singapore) has approved its proposal to acquire a stake of 80% in Geomatic.ai from the latter for AUD6 ($4.3) million in cash. Geomatic.ai was incorporated earlier this month in Australia as a next-generation artificial intelligence (AI) firm. The company will focus on digital platforms led non-linear growth, […]