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Tech Mahindra's acquisition of a 70% stake in Perigord marks a significant step in the company's strategic expansion within the pharmaceutical, healthcare, and life sciences sectors. This move enhances Tech Mahindra's capabilities in packaging artwork services and software solutions, positioning it as a key player in these industries. The acquisition also broadens Tech Mahindra's global footprint, particularly in markets like Ireland, Germany, the US, and India.
Founded in 1985, Perigord Life Science Solutions specializes in packaging artwork and labeling, advisory, consulting, project management, and software solutions like GLAMS. The company stands out for its exclusive focus on the life sciences industry, comprehensive service offerings, and stringent quality assurance with certifications like ISO 9001:2015. Leveraging advanced technologies such as automation and AI, Perigord optimizes supply chain processes, supported by a global presence with centers in Ireland, Germany, the USA, and India.
Tech Mahindra is a global technology company that provides a wide range of digital solutions and services to help enterprises transform at speed, bringing agility, resilience, and efficiency to their businesses. Key offerings include consulting, application services, cloud and infrastructure services, engineering, network services, data analytics, and next-gen services like cybersecurity and blockchain. Recognized as a global leader in sustainability, Tech Mahindra has a significant influence across various industries, showcasing its broad market reach and innovative capabilities.
Tech Mahindra acquired Perigord on March 15, 2021. This acquisition aligns with the growing trend of digital transformation in the pharmaceutical and healthcare sectors. The timing is particularly relevant as the COVID-19 pandemic has accelerated the need for digital solutions, making automation and efficiency in the pharmaceutical supply chain more critical than ever. This strategic move reflects Tech Mahindra's response to these evolving industry needs and its commitment to enhancing its capabilities in high-growth areas.
Market Expansion: The acquisition allows Tech Mahindra to expand its market presence in the life sciences industry and leverage Perigord's expertise and proprietary platform GLAMS. This strategic move enhances Tech Mahindra's footprint in key markets such as Ireland, Germany, the US, and India, enabling the company to offer end-to-end experience capabilities to a broader range of industries.
Technology Integration: Tech Mahindra will integrate Perigord's main solution, GLAMS, a workflow management system designed for the pharma sector, into its offerings. This integration is expected to add significant value to Tech Mahindra's capabilities in the artwork space and life sciences industry, delivering efficiency and automation across various sectors, including consumer-packaged goods, medical devices, and over-the-counter products.
Competitive Advantage: The acquisition strengthens Tech Mahindra’s position as a leading digital transformation enabler in the artwork and packaging services space. By adding Perigord's specialized skills and disruptive proprietary platform to its portfolio, Tech Mahindra can offer a comprehensive, end-to-end solution that combines design, technology, and business process services, thereby enhancing its competitive edge in the market.
The acquisition of Perigord by Tech Mahindra has led to significant changes in operations and management. Perigord has integrated Tech Mahindra’s design and packaging center in Hyderabad into its global network, enhancing its operational capabilities. This strategic move is expected to create more jobs locally in Dublin, as mentioned by Perigord's CEO, Alan Leamy. The integration aims to leverage the combined expertise of both companies to deliver seamless services and innovative solutions to clients, particularly in the pharmaceutical, healthcare, and life sciences sectors.
In terms of product offerings and services, the acquisition has broadened Perigord's capabilities, particularly in delivering efficiency and automation across various sectors, including consumer-packaged goods, medical devices, and over-the-counter products. The integration of Perigord's proprietary platform, GLAMS, into Tech Mahindra's offerings is expected to enhance the company's position in the artwork and packaging services space. Employee reactions have been positive, with key executives expressing excitement about the partnership and the potential for growth. While specific customer reactions were not detailed, the strategic partnership is anticipated to deliver significant value and future-proof client needs.
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