HCL Technologies acquires Australian IT firm DWS Ltd for $115.8M

HCL Technologies has acquired Australian IT firm DWS Ltd for $115.8M to further expand its digital offerings in the Oceania region. The transaction is expected to close in December 2020, subject to closing conditions, including regulatory approvals. HCL currently employs 1600 people in major cities, including Canberra, Sydney, Melbourne, Brisbane, and Perth. The DWS Group closed FY 2020 with revenues of $122.9M and has over 700 employees.

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