Lumina Datamatics acquires 100% stake of TNQTech
Lumina Datamatics has completed the acquisition of the remaining 20% stake in TNQTech, making it a wholly owned subsidiary. The merger aims to create a global leader in scholarly publishing solutions by integrating AI-driven technologies.
Why it matters
Consolidation in the publishing technology sector reflects a broader trend of using AI to streamline content workflows and editorial processes.
Lumina Datamatics which is into content, retail support, and technology solutions, said it had acquired 100% stake in TNQTech, a Chennai-based publishing technology company and turned it it’s 100% subsidiary.
“This transaction marks a significant milestone in Lumina Datamatics’ organic and inorganic growth strategy and positions the combined organization among the world’s largest providers of scholarly publishing solutions,” the company said.
In December 2024, the company had signed a definitive agreement to acquire an 80% controlling stake in TNQTech.
“With the acquisition of the remaining 20%, the transaction has now been completed, making TNQTech a 100% wholly owned subsidiary of Lumina Datamatics,” the company said in a statement.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in