Kale Consultants buys Zero Octa

Mumbai: India's Kale Consultants Ltd said it acquired London-based airline accounting services provider Zero Octa UK Ltd for about 9 mln usd cash.
Chief finance officer Sumit Nadkar told Thomson Financial News that the company will fund the acquisition from its internal resources.
In a statement to the National Stock Exchange, Kale said Zero Octa offers a fully managed end-to-end solutions to airlines and has offices in Europe, North America and Asia Pacific, with delivery centres in Mumbai and the western Indian state of Goa.
07/08/07 Thomson Financial/ABCmoney.co.uk, UK

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Categories: Foreign Aug 2007, General Aviation Aug 2007