M&A Deal Summary

HCL Technologies Acquires Urban Fulfillment Services

On April 24, 2017, HCL Technologies acquired business services company Urban Fulfillment Services for 30M USD

Acquisition Highlights
  • This is HCL Technologies’ 2nd transaction in the Business Services sector.
  • This is HCL Technologies’ 6th largest (disclosed) transaction.
  • This is HCL Technologies’ 7th transaction in the United States.
  • This is HCL Technologies’ 1st transaction in Colorado.

M&A Deal Summary
Date 2017-04-24
Target Urban Fulfillment Services
Sector Business Services
Buyer(s) HCL Technologies
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Urban Fulfillment Services

Broomfield, Colorado, United States
Urban Fulfillment Services LLC is a provider of mortgage business process and fulfillment services. Urban Fulfillment Services LLC was established in 2002 and is headquartered in Broomfield, Colorado.

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Buyer(S) 1

Buyer

HCL Technologies

Noida, India
Category Company
Founded 1976
Sector Information Technology
Employees222,270
Revenue 1.10T INR (2024)
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 11 of 22
Sector (Business Services) 2 of 5
Type (Add-on Acquisition) 10 of 18
State (Colorado) 1 of 1
Country (United States) 7 of 11
Year (2017) 1 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-21 Butler America Aerospace

Santa Barbara, California, United States

Butler America Aerospace LLC is a provider of engineering, design services and aftermarket engineering services to US Aerospace and Defense customers. Butler America Aerospace LLC is headquartered in Santa Barbara, California.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 ETL Factory

Edinburgh, United Kingdom

ETL Factory Ltd. (Datawave) is an innovative data automation platform which enables enterprise customers execute large scale, complex data–migration and data–integration projects in a leaner, faster and smarter way. ETL Factory was founded in 2012 and is based in Edinburgh, United Kingdom.

Buy -
Mergr

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