ITC arm acquires US-based Pyxis Solution

India's top cigarette firm, ITC Limited has informed that its US-based wholly-owned arm ITC Infotech has acquired US-based Pyxis Solutions.

New York based Pyxis Solution provides Quality Assurance solutions and testing services.

The enterprise value of deal is estimated at about USD 25 million, which would be funded through internal accruals. With this acquisition, Pyxis has become a wholly-owned unit of the company.

The company said that Pyxis solutions will continue to function under the leadership of its founders Amar Duggal and Greg Brener.

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