Add-on Acquisition • Engineering

HCL Technologies Acquires Concept2Silicon Systems Pvt.

On September 30, 2015, HCL Technologies acquired engineering company Concept2Silicon Systems Pvt.

Acquisition Context
  • This is HCL Technologies’ 1st transaction in the Engineering sector.
  • This is HCL Technologies’ 1st transaction in India.

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M&A Deal Summary

Date September 30, 2015
Target Concept2Silicon Systems Pvt.
Sector Engineering
Buyer(s) HCL Technologies
Deal Type Add-on Acquisition

Target Company

Concept2Silicon Systems Pvt.

Bengaluru, India
Concept2Silicon Systems Pvt. Ltd. is an engineering services firm.
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Buyer Overview 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 Context for Buyer #
Overall 6 of 23
Sector: Engineering 1 of 1
Type: Add-on Acquisition 6 of 18
Country: India 1 of 4
Year: 2015 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 PowerTeam

Minneapolis, Minnesota, United States

PowerTeam, Inc. (dba PowerObjects) is a professional software services firm focused on providing service, support, education and add-ons for Microsoft Dynamics CRM.

Buy -

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