HCL to acquire IT solutions company DWS

HCL Technologies (HCL) today announced its intent to acquire DWS Limited, a leading Australian IT, business and management consulting group.

DWS, with over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane,and Canberra, delivers business and technology innovation to large clients across a spectrum of verticals.

The DWS Group, with FY20 revenue at A $167.9 million, provides a wide range of IT services including Digital Transformation, Application development & support, Program & Project Management and Consulting. The acquisition of DWS will strongly enhance HCL’s contribution to Digital initiatives in Australia and New Zealand while strengthening HCL’s client portfolio across key industries.

“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 & Country Manager, Australia & New Zealand, HCL Technologies.

“HCL has invested in the region for over 20 years and is committed to enabling digitalisation and growing the local ecosystem. DWS has forged a sterling reputation, powered by highly talented consultants who enable organizations to be at the cutting edge of technology. We look forward to welcoming the DWS team to HCL and creating enhanced global learning and career opportunities for them,” added Horton.

Danny Wallis, CEO and Managing Director, DWS said, “This acquisition represents an outstanding outcome for all DWS stakeholders – shareholders, employees, clients and other business partners.”

The transaction is expected to close in December 2020, subject to regulatory approvals.

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