TCS, IBM aim to acquire Lufthansa’s IT subsidiary
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Tata Consultancy Services and IBM are leading the race to acquire the IT subsidiary of the German airline Lufthansa – Lufthansa Systems – which is looking to divest 51% stake, reported The Economic Times. Lufthansa Systems, which counts players like British Airways among its customers, provides IT solutions for customers ranging from the aviation sector to media and healthcare. Headquartered in Germany, the company has offices in 16 other countries and employs around 3,000 people. It provides IT services for Lufthansa group companies and for external customers. According to the report, the talks are close to being finalised.
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