Softtech Engineers Acquires SoftTech Digital AG for EUR 1.1 Million, Appoints New CFO
The acquisition of a 100% stake in a German entity for international expansion is a significant strategic move with potential long-term benefits. The appointment of a Chief Financial Officer is a material change in key management personnel, impacting governance and financial strategy.
The acquisition of SoftTech Digital AG represents a strategic expansion into the German market, aligning with the company's international growth objectives. The appointment of an experienced CFO is expected to strengthen the company's financial leadership.
* Softtech Engineers Limited's Board of Directors, in a meeting held on September 17, 2025, approved the acquisition of 100% stake in SoftTech Digital AG. * The acquisition will be for an amount of up to EUR 1.1 million (approximately ₹9.8 crore) in cash consideration, subject to adjustments. * SoftTech Digital AG, incorporated on April 4, 2022, in Germany, specializes in developing enterprise software for digital transformation in the construction, infrastructure, and process industries. Its turnover for the year ended March 31, 2025, was Nil. * The objective of this acquisition is to advance SoftTech's strategic goal of expanding its business footprint in the German market and strengthening its international operations. * The company expects to complete the acquisition by the end of December 2025. * The Board also revised the investment budget for the German market from the previously approved up to INR 10 crore to up to EUR 1.1 million, in view of currency fluctuations. * Additionally, the Board approved the appointment of Mr. Deepak Bang as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective immediately from September 17, 2025. * Mr. Bang brings 18 years of experience in financial planning, strategic budgeting, forecasting, and financial reporting.
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Softtech Engineers Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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