InvestorQ : How do you see the acquisition of DWS of Australia, fit into HCL Tech’s larger plan?
Arya Nanda made post

How do you see the acquisition of DWS of Australia, fit into HCL Tech’s larger plan?

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Anjana Aiyar answered.
1 month ago
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HCL Technologies recently announced that it had acquired Australian IT firm DWS Ltd for $115.8 million to expand its digital offerings in the Oceania region with focus on Australia and New Zealand. DWS had reported revenues of $123 million in FY20.

DWS Group employs 700 personnel across its offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra. DWS offers a spectrum of IT services like digital transformation, application development and support, project management and consulting.

HCL Tech brings a much larger balance sheet and revenue mix to the game and that enables DWS to grow much faster with granular focus on the Australian and New Zealand market. For HCL Tech, it will be one more important step in digital transformation exercise.

HCL already employs 1600 people in major cities of Australia and will now add the 700 members of DWS also. HCL Tech expects to close the deal by end of December, which will be subject to necessary regulatory approvals from the competent authorities.

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