11 C
London
Wednesday, April 17, 2024
HomeBankingDeutsche Bank: Announces sale of Postbank Systems to Tata Consultancy Services

Deutsche Bank: Announces sale of Postbank Systems to Tata Consultancy Services

Date:

  • Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products
  • Postbank Systems a full-range captive IT service provider that bundles the IT competence of the former Postbank
  • Tata Consultancy Services an IT services, consulting, and business solutions organization that partners with many of the world’s largest businesses
  • Deutsche Bank and Tata Consultancy Services (TCS) announced an agreement concerning the sale of Postbank Systems AG to TCS
  • Under the terms of the transaction, TCS acquire 100 percent of the shares of Postbank Systems AG from Deutsche Bank AG
  • The acquisition of Postbank Systems will contribute to Tata Consultancy Services continued growth in Germany

Related stories

Mastercard to realign organisational structure with three new divisions

Organizational Restructuring:Mastercard announces plans to reorganize its...

Spendesk combines procurement with spend management through Okko acquisition

Acquisition Details:Spend management platform Spendesk is acquiring...

FloQast lands $100m Series E funding at $1.6bn valuation

Funding Round Details:Californian finance and accounting operations...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img