Question: TCS has recently announced an agreement under which TCS will acquire 100% of the shares of Postbank Systems AG (PBS) from Deutsche Bank AG. What was the past role of PBS for Postbank AG?
(a) PBS has been the marketing agent for Postbank AG
(b) PBS has been the HR provider for Postbank AG
(c) both (a) and (b)
(d) none of the above
Answer (d)
Related facts
- TCS has recently(November 2020) announced an agreement under which TCS will acquire 100% of the shares of Postbank Systems AG (PBS) from Deutsche Bank AG.
- The transaction is subject to both parties finalizing further agreements, which they intend to do by end-2020.
Role of PBS for Postbank AG
- PBS is the full-range captive IT service provider that provides project management, application management and infrastructure support services to Postbank and other subsidiaries of Deutsche Bank.
- Deutsche Bank AG is a German multinational investment bank and financial services company.
TCS performance in Germany
- TCS is ranked by analysts as the fastest-growing IT service provider in Germany with a 10-year CAGR of over 24 percent.
- Present in Germany since 1991, TCS currently partners with over 100 leading German corporations in their growth and transformation journeys, including 17 of the DAX30.
- TCS is also recognized as a Top Employer in Germany by the Top Employers Institute.
By — Pankaj Pandey.
Link:
https://www.tcs.com/tcs-to-acquire-postbank-systems-from-deutsche-bank