NIIT Technologies Ltd has informed BSE that the Company has signed a Share Purchase Agreement with the shareholders of Softec GmbH, Germany for acquisition of 100% of share capital of Softec GmbH in Germany.

Softec GmbH is a Germany based Company focusing on providing IT solutions and services worldwide in the airline revenue accounting and operations space. They have a major market share of about 40 small to medium airlines within Europe, Africa and Asia.