HCL Technologies to acquire Australia-based firm DWS for $116 million

HCL Technologies has announced its intent to acquire Melbourne-headquartered DWS Ltd. in a step towards enhancing its digital initiatives in the Australia and New Zealand region.

The Noida-based firm will acquire DWS, a company that provides a wide range of IT services including digital transformation, and application development and support, for a total equity value pay-out consideration of 158.2 million Australian Dollars (approx $116 million). The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals.

“We are excited for this expansion of HCL Technologies in Australia and New Zealand and are confident that our combined strengths will further accelerate the digital transformation journeys of our clients and innovations for their end customers,” said Michael Horton, executive vice president and country manager (Australia & New Zealand), HCL Technologies.