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HCL Technologies - M&A Summary and Business Overview

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HCL Technologies M&A Summary

HCL Technologies has acquired 25 companies, including 6 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 3 assets.

HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B. HCL Technologies has acquired in 9 different US states, and 7 countries. The Company’s most targeted sectors include information technology (44%) and business services (22%).

HCL Technologies Business Overview

Where is HCL Technologies headquartered?

HCL Technologies is headquartered in Noida, India.

What is HCL Technologies’ revenue?

HCL Technologies disclosed revenue of 1,099,130M INR for 2024 and 1,014,560M INR for 2023.

How many employees does HCL Technologies have?

HCL Technologies has 222,270 employees.

What sector is HCL Technologies in?

HCL Technologies is an information technology company.

When was HCL Technologies founded?

HCL Technologies was founded in 1976.

M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity23
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 14
  • M&A Advisors 2

HCL Technologies

HCL Technologies Ltd.

Plot No. 3A Technology Hub Special Economic Zone Sector 126,
Noida, 201304
India,
91 11 2643 6336
www.hcltech.com

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.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.0/yr) # 18 1 3 1 - - 23
vol $2.7B $2.7B
Sell (0.2/yr) # 2 - - - 1 - 3
  26
+2002323.52424.52525.5262222.526.5270

Most Recent M&A

Company Date Value Type
Hewlett Packard - Communications Technology Group 2024-05-23 - Divestiture
Spring, Texas
ASAP Holding Gmbh 2023-07-12 - Add-on Acquisition
Gaimersheim, Germany · www.asap.de
Quest Informatics Pvt. Ltd. 2022-05-09 - Add-on Acquisition
Bangalore, India · www.questinformatics.com
Confinale AG 2022-05-06 - Add-on Acquisition
Zug, Switzerland · www.confinale.ch
Starschema Ltd. 2022-01-14 - Add-on Acquisition
Budapest, Hungary · www.starschema.com
Gesellschaft für Banksysteme GmbH 2021-12-08 - Add-on Acquisition
Ratingen, Germany · www.gbs-it.de
DWS Ltd. 2020-09-21 - Going Private
Melbourne, Australia · www.dws.com.au
Strong-Bridge Envision Consulting LLC 2019-03-13 45M USD Add-on Acquisition
Bellevue, Washington · www.strong-bridge-envision.com
International Business Machines Corp. - Software Products 2018-12-06 1.8B USD Divestiture
Armonk, New York
Educational Initiatives Pvt. Ltd. 2018-07-27 - Growth Capital
Bangalore, India · www.ei.study
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 10 (43%) 731M (27%) 2 (67%) -
Business Services 5 (22%) 75M (3%) 1 (33%) -
Software 3 (13%) 1.8B (67%) - -
Internet Software and Services 2 (9%) - - -
Aerospace 1 (4%) 85M (3%) - -
Education 1 (4%) - - -
Engineering 1 (4%) - - -
Total 23 $2.7B 3 -

By Geo

State/Country Buy Value Sell Value
United States 11 2.0B 3 -
  Washington 2 85M 1 -
  California 2 85M - -
  New Jersey 1 - 1 -
  Pennsylvania 1 - - -
  New York 1 1.8B - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Colorado 1 30M - -
  Texas - - 1 -
India 4 - - -
United Kingdom 3 691M - -
Germany 2 - - -
Australia 1 - - -
Hungary 1 - - -
Switzerland 1 - - -
Domestic 4 (17%) - - -
Cross-border 19 (83%) 2.7B (100%) 3 (100%) -
Total 23 $2.7B 3 -

Top M&A Advisors

Financial Deals
Pharus Advisors Holdings
 1
AGC Partners
 1

Deal Values

buy # Total
> $1B 1 $1.8B
$100M to $1B 1 $679M
< $100M 5 $212M
TOTAL $2.7B
Largest International Business Machines Corp. - Software Products
$1.8B (2018-12-06)

M&A Connections

Deals
Acquired from
Investor(s)
17%
4 (17%)
Strategic(s)
13%
3 (13%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Information Technology

Revenue

1,099,130   9% 2024
1,014,560   19% 2023
856,510   14% 2022
753,790   7944% 2021
9,371   8% 2020
8,701   2019
(millions of INR) Show More Show Less

Employees

222,270

Established

1976

Public

Bombay (BSE): HCLTECH

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