HCL Tech announced the acquisition of Hewlett Packard Enterprise's for $225 million

This acquisition aims to bolster HCLTech's telecom services by integrating top engineering talent and advanced IP from CTG.

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The Purchase Price is $225 million (₹1,874 crore) in cash. Certain assets of CTG, including engineering services and intellectual properties.

1,500 employees and 700 contractors from CTG will transition to HCLTech. These employees are experienced in telecom engineering services.

The transaction is subject to regulatory approvals and customary closing conditions, expected to be finalised within six to nine months.

Do you have a business idea and want to make it a reality? Get in touch with Vakilsearch for company registration.

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HCL Tech announced the acquisition of Hewlett Packard Enterprise's for $225 million

HCL Tech announced the acquisition of Hewlett Packard Enterprise's for $225 million

This acquisition aims to bolster HCLTech's telecom services by integrating top engineering talent and advanced IP from CTG.

This acquisition aims to bolster HCLTech's telecom services by integrating top engineering talent and advanced IP from CTG.

The Purchase Price is $225 million (₹1,874 crore) in cash. Certain assets of CTG, including engineering services and intellectual properties.

The Purchase Price is $225 million (₹1,874 crore) in cash. Certain assets of CTG, including engineering services and intellectual properties.

1,500 employees and 700 contractors from CTG will transition to HCLTech. These employees are experienced in telecom engineering services.

1,500 employees and 700 contractors from CTG will transition to HCLTech. These employees are experienced in telecom engineering services.

The transaction is subject to regulatory approvals and customary closing conditions, expected to be finalised within six to nine months.

The transaction is subject to regulatory approvals and customary closing conditions, expected to be finalised within six to nine months.

Do you have a business idea and want to make it a reality? Get in touch with Vakilsearch for company registration.

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