HCL Tech to acquire German IT firm H&D International for EUR 30 million

Founded in 1996, H&D specialises in IT infrastructure, application services particularly in R&D IT, shop floor IT and engineering services

HCL Technologies will be acquiring Wolfsburg-based H&D International Group for Euro 30 million, as it looks to expand presence in the European market.

This will be the third acquisition for HCL this year. The country’s fourth-largest software services firm operates out of 39 countries.

The acquisition of H&D for Euro 30 million (including earnouts) cash deal is part of HCL's long-term growth plan in Germany. The deal, likely to be completed by August 2018, will help HCL attain significant in-country front office and delivery capabilities and will further enhance the company’s domain expertise in the global automotive sector.