HCL Technologies has announced the acquisition of UK’s Point to Point Ltd and Point to Point Products Ltd for GBP 8 million (around Rs 78 crore).
HCL Technologies has said in a BSE filing that “acquisition of 100 per cent stake in Point to Point Ltd and Point to Point Products Ltd (jointly referred to as P2P), the companies incorporated in the UK and being a niche provider of complex workplace engineering services in the UK, for cash of GBP 8 million”.
It has also fully acquired its promoter group firm HCL Training and Staffing Services Private Limited (HCL TSS), a company incorporated in India, engaged in the business of rendering of training in IT and ITeS, it said further.
“This acquisition will enable HCL Technologies Ltd to supplement hiring of trained resources… The transaction is being done at a cash consideration of Rs 2.35 crore,” it added.
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