GTT Data Solutions Ltd is strengthening its market position with a series of strategic acquisitions and investments. The company has integrated CRG Solutions and Alpharithm Technologies, enhancing its AI-driven capabilities and expanding its global reach.
A Rs 52.50 crore stock swap and a Rs 9 crore licensing deal with Seed Infotech are set to further drive growth.
Acquisitions boost global presence
GTT Data Solutions has acquired a 100 per cent stake in Alpharithm Technologies and CRG Solutions to strengthen its AI, automation, and analytics offerings. These acquisitions will enhance the company’s ability to serve global enterprises with innovative solutions.
Alpharithm’s expertise in media software and HR solutions and CRG’s focus on analytics will accelerate GTT’s growth.
Preferential allotment for stock swap
To finance the acquisitions, GTT Data’s board has approved a preferential allotment worth Rs 52.50 crore. This will allow GTT to execute stock swaps with the selling shareholders of both Alpharithm and CRG at Rs130 per share.
The acquisition of Alpharithm India will be valued at Rs 15 crore and completed through a mix of cash and equity shares.
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Licensing deal for training expansion
In addition to acquisitions, GTT has signed a Rs 9 crore licensing agreement with Seed Infotech to expand training in AI and data analytics.
This partnership will help GTT train youth, promoting human intelligence growth. The company is also issuing equity shares to raise Rs 49.82 crore as part of its rights issue.
These initiatives reflect GTT’s commitment to innovation and its goal to become a global leader in Dual Intelligence solutions by 2030.
