JSA represented and advised Groupe Astek in its acquisition of Sinergia Media Labs Private Limited (Simelabs) and its subsidiary Goodbits Tech Private Limited.
Astek has acquired a majority shareholding in Simelabs with a commitment for a long-term partnership with the sellers. JSA assisted Groupe Astek with conducting legal due diligence on Simelabs and its subsidiary, and the structuring, documentation, negotiation and closing of the transaction.
Groupe Astek is a French global conglomerate that provides engineering services in advanced technology and IT to a wide array of industries and sectors including Energy, Aeronautics, Automotive, Finance, Transport and Telecom. This is the first acquisition by Groupe Astek of an Indian company and marks the entry of Groupe Astek into the Indian market. Simelabs is a digital solutions and services provider headquartered in Kochi, India with expertise in executing projects worldwide in the fields of business mobility, artificial intelligence, data science, machine learning, IoT, cloud, and AR/VR technology.
Our Transaction Team Comprised Partner – Archana Tewary, Principal Associate – Nikhil P. Joseph, Senior Associate – Aishwarya B Shankar, Associate – Sneha Mohanty and Company Secretary – Megha Kumari.