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Business & Technology

HCL Technologies acquires Australia-Based IT solutions company: Shares gain

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HCL Technologies acquires Australia-Based IT solutions company: Shares gain

2021-01-05 07:05:44

By K.Shalini

HCL Technologies solutions built around Digital, IoT, Cloud, Automation, Cybersecurity, Analytics,Infrastructure Management and Engineering rose as much as 1.61 per cent to hit an intraday high of ₹ 995.35 on the BSE after the company informed exchanges that it has completed the acquisition of Australia-based IT solutions company, DWS Limited. The Noida-based information technology company had in September 2020 announced its intention to acquire DWS Limited. (Track HCL Technologies share price here)

"
DWS Limited is a leading Australian IT, business and management consulting group. As the IT industry 
continues to evolve and the growing demand for digital strategies increases, DWS, with over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra, delivers business and
technology innovation to large clients across a spectrum of verticals," HCL Technologies had said in a press release in September.

"
The DWS Group, with FY20 revenue at Australian $167.9 million, provides a wide range of IT services 
including digital transformation, application development & support, program & project management and consulting. The acquisition of DWS will strongly enhance HCL's contribution to digital initiatives in
Australia and New Zealand while strengthening HCL's client portfolio across key industries," HCL Technologies said.

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