HCL Technologies completes acquisition of Australian IT solutions firm DWS

HCL Technologies on Tuesday said it has completed acquisition of Australian IT solutions firm DWS. In September last year, HCL Technologies had announced it will acquire DWS, a move that will help the Indian company strengthen its position in the Australia and New Zealand market.

The company has completed acquisition of DWS effective January 5, 2021, HCL Technologies said in a regulatory filing.

HCL Technologies in September had said the total equity value pay-out will be 158.2 million Australian dollars (about Rs 850.33 crore) after considering a total number of shares at 131.83 million on a fully diluted basis.