Bangalore-based Mindteck (India) Limited, a global Technology and IT services company, has announced acquisitions of three overseas companies for US$ 9.6 million.

The company has acquired Primetech Solutions Inc., a California based IT Consulting company with its two associate companies Mindteck UK Ltd., based in London, UK and Mindteck Singapore Pte Ltd, based in Singapore.

The company has purchased Primetech Solutions Inc. for US$ 6.6million, all in a stock swap deal.

Further, the company has paid US$ 2.5 million for acquisition of its Singapore associate; US$ 1 million in cash and US$ 1.5 million through stock swap. The UK associate was acquired for US$ 0.5 million, all through stock swap.

Primetech with estimated revenues of US$8.7 million as of FYE 31 March 2008 provides integrated business and IT consulting services to a large client base in the US.

While, Mindteck UK Ltd. with US$ 2million estimated revenue and Mindteck Singapore Pte Ltd. with US$ 6.75million estimated revenue as of FYE 31 March 2008 have strong client base in the embedded systems and IT consulting space.

The present acquisitions will expand Mindteck’s operation in US, Europe and Asia Pacific as part of its ‘Go Global’ strategy. The company had earlier raised a total of US$ 7.47 million through private equity for implementation of its ‘Go Global’ strategy.

Mindteck shares touched a high of Rs 45.35 on the BSE after the news. It ended the day at Rs 44, up Rs 1.95 or 5% over the previous close.