HCL signs pact to acquire IT firm H&D Group to expand presence in Germany

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Stock Prices : HCL Technologies on Wednesday said it has signed an agreement to acquire Germany-based IT and engineering services provider, H&D International Group, to help expand its presence in the European nation.
The company, however, did not disclose the acquisition price.

"This landmark 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," HCL said in a statement.
H&D is one of the largest IT service providers in the German automotive industry and operates in over 20 locations globally including Germany, the US, the Czech Republic and Poland.

It specialises in IT infrastructure, application services particularly in R&D IT and has extensive expertise in SAP, computer-aided technologies (CAx), engineering services and customer-specific product development.
H&D's existing delivery centre in Gifhorn, Germany, will become part of HCL's global delivery footprint and will focus on IT and engineering services both in Germany and globally.

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