HCL acquires 60 % stake in Dubai firm

HCL acquires 60 % stake in Dubai firm

Though the company did not divulge the the size of the deal, according to market analysts, it was about $6.5 million. The acquisition of NTS will now help HCL Infosystems expand its presence in the Middle East and African markets.

 

"The completion of this acquisition represents a significant step for HCL Infosystems in our transformation strategy to accelerate growth in our targeted international markets, offering a complete set of products, service and solutions," said Ajai Chowdhry, chairman, HCL Infosystems.


NTS, a "total solutions" provider ranging from IT hardware to software services and consulting, has partnered with leading enterprises in the region building customised solutions for a host of business needs.