Flextronics acquires Future Software: Management of Indian co to remain same.

(From Business Line)

Chennai, Aug. 26. FLEXTRONICS, the $14.5-billion Singapore headquartered electronics contract manufacturer, has acquired the Chennai-based Future Software Ltd that provides software solutions to telecom firms globally.

It has bought the entire equity of Future Software.

According to Mr K.V. Ramani, Chairman and Managing Director, Future Software, the company would become a 100 per cent subsidiary of Flextronics. There would not be any change in the management of Future Software, he said. The deal, whose value was not revealed, was signed today, and the companies would approach the Foreign Investment Promotion Board and Reserve …