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HCL Technologies has signed a definitive agreement to purchase Wolfsburg-based IT and engineering services provider, H&D International Group.
Ashish Gupta, Corporate Vice President at HCL Technologies said, “Germany is a critical market for HCL as we continue to expand our business in Europe. We feel the German market is at an inflection point and it is the right time for HCL to expand and make significant investments here.”
Further the company in a release stated that, this acquisition is part of company’s long-term growth plan in Germany and this deal sees HCL attain significant in-country front office and delivery capabilities and will further enhance the company’s domain expertise in the global automotive sector.
