M&A Deal Summary

HCL Technologies and apoBank Acquire gbs

On December 8, 2021, HCL Technologies and apoBank acquired information technology company gbs

Acquisition Highlights
  • This is HCL Technologies’ 7th and apoBank’s 1st transaction in the Information Technology sector.
  • This is HCL Technologies’ 1st and apoBank’s 1st transaction in Germany.

M&A Deal Summary

Date 2021-12-08
Target gbs
Sector Information Technology
Buyer(s) HCL Technologies
apoBank
Deal Type Add-on Acquisition

Target

gbs

Ratingen, Germany
gbs is an IT consulting company in the banking technology environment. gbs was founded in 2010 and is based in Ratingen, Germany.

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Buyer(S) 2

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 19 of 23
Sector: Information Technology M&A 7 of 10
Type: Add-on Acquisition M&A Deals 14 of 18
Country: Germany M&A 1 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 DWS

Melbourne, Australia

DWS Ltd. is an IT Services company, providing services to blue chip organisations since 1991. With a business philosophy based upon integrity, reliability and professional service delivery, DWS provides end to end IT solutions. The quality of DWS consultants enables organisations to develop, manage and maintain IT Solutions – providing them with a competitive advantage and long term success. DWS was founded in 1991 and is based in Melbourne, Australia.

Buy -
FOLLOWING 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 -
Buyer

apoBank

Düsseldorf, Germany

Category Company
Founded 1902
Sector Financial Services
Employees2,523
DESCRIPTION

apoBank is a cooperative bank, that provides various banking services such as loans, asset management, investments, financing, and retirement solutions. apoBank was founded in 1902 and is based in Düsseldorf, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2021 M&A 1 of 1