M&A Deal Summary

HCL Technologies Acquires Gulf Computers

On June 1, 2002, HCL Technologies acquired information technology company Gulf Computers

Acquisition Highlights
  • This is HCL Technologies’ 1st transaction in the Information Technology sector.
  • This is HCL Technologies’ 2nd transaction in the United States.

M&A Deal Summary

Date 2002-06-01
Target Gulf Computers
Sector Information Technology
Buyer(s) HCL Technologies
Deal Type Add-on Acquisition
Advisor(s) Newbury Piret & Company (Financial)

Target

Gulf Computers

United States
Gulf Computers Inc., a US-based IT services company which provides full life cycle support for customised application development in the area of business process automation and development management.

Search 214,876 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

HCL Technologies

Noida, India

Category Company
Founded 1976
Sector Information Technology
Employees222,270
Revenue 1.17T INR (2025)
DESCRIPTION

HCL Technologies is an 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, Uttar Pradesh.


DEAL STATS #
Overall 2 of 23
Sector: Information Technology M&A 1 of 10
Type: Add-on Acquisition M&A Deals 2 of 18
Country: United States M&A 2 of 11
Year: 2002 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 HCL

Quincy, Massachusetts, United States

HCL (Mass) Inc. is a designer and developer of an internet application integration, systems integration, and software maintenance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-20 CapitalStream

Seattle, Washington, United States

CapitalStream, Inc. provides automates commercial finance processes for banks, finance companies, and manufacturers by streamlining manual processes for leases, loans, lines of credit, credit cards and other finance products.

Buy $40M