R Systems International Ltd., a provider of outsourced product development along with technical and customer support services, said its Singapore-based subsidiary ECnet Ltd. had signed a definitive agreement to acquire the ERP business of Nikko Computer Systems (S) Pte. Ltd., or NCS, subject to relevant corporate and regulatory approvals.
R Systems Executive Manager Sartaj Rekhi said, “NCS provides ERP implementation and support services primarily to Japanese companies located in Singapore and Malaysia. This business acquisition will strengthen our ERP business and customer base in South East Asia under our subsidiary ECnet. The acquisition will provide a good Japanese client base and help to grow our business in the South East Asia region.
At the BSE, R Systems International closed Tuesday’s trading at Rs.166, down 0..12 percent from the previous close.
by RTT Staff Writer
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