M&A Deal Summary

HCL Technologies Acquires Confinale

On May 6, 2022, HCL Technologies acquired business services company Confinale

Acquisition Highlights
  • This is HCL Technologies’ 5th transaction in the Business Services sector.
  • This is HCL Technologies’ 1st transaction in Switzerland.

M&A Deal Summary

Date 2022-05-06
Target Confinale
Sector Business Services
Buyer(s) HCL Technologies
Deal Type Add-on Acquisition

Target

Confinale

Zug, Switzerland
website
Confinale is a digital banking and wealth management consulting specialist who focuses on IT consulting in key specialist areas in the banking and wealth management sector. Confinale was founded in 2012 and is based in Zug, Switzerland.

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Buyer(S) 1

Buyer

HCL Technologies

Noida, India

website


Category Company
Founded 1976
Sector Information Technology
Employees222,270
Revenue 11.3B INR (2022)
DESCRIPTION

HCL Technologies is a large IT services company. The Company’s services portfolio includes application development and maintenance, package implementation services, engineering and R&D services, infrastructure management services and business process outsourcing services. It has a large active client base across banking, financial services and insurance, manufacturing, telecom, retail, media and healthcare verticals. HCL Technologies was founded in 1976 and is based in Noida, India.


DEAL STATS #
Overall 20 of 22
Sector (Business Services) 5 of 5
Type (Add-on Acquisition) 16 of 18
Country (Switzerland) 1 of 1
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 Starschema

Budapest, Hungary

Starschema is a provider of data engineering services, based in Budapest, Hungary. Starschema provides consulting, technology and managed services in data engineering to companies in the US and Europe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Quest Informatics

Bangalore, India

Quest Informatics is a company specializing in the aftermarket domain. It helps clients transform their aftermarket operations and customer experience, and revamp their legacy business models to stay relevant and competitive in the digital era. Quest Informatics was founded in 1992 and is headquartered in Bengaluru, India.

Buy -