Haymarket acquires stake in TMotions Global

Last week, Haymarket Media Group announced that it had acquired a stake in TMotions Global.

Haymarket acquires stake in TMotions Global
Richard Harding: “This strategic partnership will provide Haymarket greater access to technology skills.”

Financial terms of the transaction were not disclosed.

TMotions has played a crucial role in Haymarket’s digital transformation by providing flexible development resources that augment our existing skills and capabilities. We have a longstanding presence in India and understand the market well. I look forward to working with Aman and his team who are primarily based in Chandigarh, to enable and support further development and growth internationally”, said Haymarket Chief Executive, Kevin Costello.

TMotions delivers digital development and technology services in eCommerce, content management and application development, built on process maturity, ISO accreditation and Gold Partner status with Microsoft.

“We have been working with Haymarket for years as a preferred supplier. We all at TMotions are pleased to have reached this agreement and are excited to move forward with a combination, which we believe will help Haymarket and our customers achieve better business outcomes, innovate faster, and digitally transform the businesses,” said Aman Sood, founder and MD of TMotions.

Richard Harding, Group CTO said: “This strategic partnership will provide Haymarket greater access to technology skills, a wealth of experience in other markets and new products and services which can be used to accelerate the digital ambitions of our divisions.”

Earlier this year, Haymarket reported that 75% of its 2020 earnings came from its digital, data and live offerings.

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