Accentia Technologies Ltd, a Mumbai-based business process outsourcing firm, is acquiring stake in IQ Group, a UK-based company offering communication and computing solutions for healthcare sectors.
Accentia has already entered into an agreement with IQ Group for the transaction subject to customary closing conditions. It is expected to be completed by the end of September this year. The financial details of the transaction were not disclosed.
IQ Group primarily caters healthcare industry offering services such as product development and consultancy in software, electronics and user interfaces for embedded systems. It currently has three entities that include Tactiq Ltd, Centriq Ltd and Neologiq Ltd.
While Centriq is a communication and computing solutions provider for healthcare industry in Europe and the Middle East, Tactiq is a product development consultancy specialising in software, electronics, and user interfaces for embedded systems for healthcare, automotive, defence and industrial markets. Neologiq is also the product development arm of IQ in healthcare segment, and has developed a number of products which are already in use. The company is also developing several other products, which are on the pipeline, the statement added.
Accentia believes the acquisition will help it to emerge as leader in the healthcare support services and management services for hospital IT infrastructure segment in North America, Europe and the Middle East.
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