In a significant development for the digital publishing industry, Lumina Datamatics has entered into a definitive agreement to acquire Chennai-based TNQ Technologies for ₹336 crore. The acquisition, aimed at strengthening Lumina’s capabilities in AI-enabled publishing services, will be executed in two phases. The company will acquire an 80% stake by December 2024, with the remaining 20% to be completed by July 2026, linked to TNQ’s EBITDA performance during this period.
This strategic acquisition marks a major milestone for Lumina Datamatics, which is part of the Datamatics Global Services family. It is expected to boost Lumina’s workforce to over 6,500 employees worldwide, cementing its position as a leader in content services for commercial publishers, academic societies, and university presses.
TNQ Technologies, renowned for its AI-driven publishing tools and solutions, will become a stepdown subsidiary of Datamatics Global Services post-acquisition. Sameer Kanodia, Managing Director and CEO of Lumina Datamatics, highlighted that the deal aligns with the company’s vision of delivering cutting-edge publishing solutions. He emphasized the role of AI-enabled tools in shaping the future of publishing, offering enhanced efficiency and quality to global clients.
The acquisition is expected to open up new avenues for innovation and growth, further positioning Lumina Datamatics as a premier provider of digital content and publishing services. This move underscores the company’s commitment to leveraging AI and emerging technologies to redefine the publishing landscape.
