Tata Technologies plans to make an acquisition in the Construction and Heavy Engineering (C&HE) segment in a bid to grow its revenues. The company, which has set a target to reach $1 billion mark by 2017, is eyeing a buy in one of the developed markets by this year-end. It is in the process of wrapping up matters with regard to regulatory approvals, according to company officials.Currently, the company has revenues close to $400 million. Further to boost revenues, the company, which employs around 6,750 professionals, plans to hire 17,000 in different countries by 2017, according to company officials.

Source : http://www.thehindubusinessline.com/todays-paper/tp-info-tech/tata-technologies-to-take-ma-route-to-grow-revenues/article5373632.ece

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