HCL Technologies has signed a definitive agreement to acquire Wolfsburg-based IT and engineering services provider, H&D International Group.
The acquisition is part of HCL’s long-term growth plan in Germany. 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.
The H&D International Group is one of the largest IT service providers in the German automotive industry and operates in over 20 locations globally including Germany, the USA, the Czech Republic and Poland.
“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. H&D has a long-standing track record of high-quality service delivery and we are confident this will play a significant role in our continued growth in Germany,” said Ashish Gupta, Corporate Vice President, HCL Technologies.
Commenting on the investment, Bernhard Honigsberg, CEO of the H&D International Group said, “By combining H&D’s delivery capabilities with those of HCL, we have an unprecedented opportunity to add tremendous value to the services we provide to support our clients’ IT transformation ambitions.”