In consideration of this acquisition, HCL will issue 10 equity shares of Rs. Jun 27, 2018. HCL’s global engineering services business, with a revenue of around $1.2 billion in calendar 2015, is a leader in this space, and has an industry leading position in hardware & software engineering, product development & testing, embedded, digital and mechanical engineering. He's not sold the engineering services company to HCL Technologies for $188 million in a share-swap deal. Ltd. All Rights Reserved. In consideration of this acquisition, HCL will issue 10 equity shares of Rs. Geometric also agreed to offload its 3DPLM ownership to Dassault Systèmes for Rs 441 crore. If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. Strong-Bridge Envision acquired by HCL Technologies . HCL Technologies acquires the business of Geometric Limited, Business Technology Leaders Forum | Healthcare & Pharma, When Remote Work Is the Norm, You’ve Got to Modernize Your Network | 16th December 2020, Simplify IT Monitoring in Remote Working with SolarWinds | 22nd December 2020, The role of Business Process Automation in helping governments for business continuity | 22nd December 2020. HCL Technologies is acquiring Mumbai-headquartered firm Geometric in a share-swap deal valued at $190 million. HCL Tech Acquires Geometric’s IT Services Unit. Jun 27, 2018. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. HCL Technologies, the country's fourth largest information technology services and solutions company, will acquire Mumbai-headquartered Geometric, an engineering solutions and services entity. 2 each held by them. Pareekh Jain, research director of engineering services at HfS Research says, “HCL, with the acquisition of Geometric, will move to No. Manu Parpia, CEO and MD of Geometric Ltd. said, “I welcome this as a truly synergistic transaction, as both our employees and customers will benefit. We use cookies on our site. Emails sent to the Godrej group, Geometric and HCL Technologies did not draw a … Perhaps searching can help. With broad end–to–end capabilities and rich experience across PLM consulting, mechanical and manufacturing engineering that Geometric brings in, the synergies allow us to take advantage of the rapidly growing manufacturing engineering and PLM services market. You must have JavaScript enabled to use this form. Strong-Bridge Envision . The acquisition strengthens HCL’s presence significantly in the PLM consulting as well as mechanical and manufacturing engineering space. As of December 2015, it employs 2,606 people across 13 global delivery locations in the US, France, Germany, Romania, India and China. HCL Technologies has acquired German IT and engineering services provider H&D International Group. Mar 13, 2019 . For the Fiscal Years ended March 2014 & March 2015, the revenues were INR 7,871.2 million & INR 8,139.3 million respectively. Indian IT services firm boosts its European car industry credentials though multi-million Euro investment. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company. IT company HCL Technologies today said it has signed an agreement to acquire all the business of Geometric Limited in an equity swap deal. Deal may value company at $150-200 mn, announcement likely in a couple of daysIndia's fourth largest IT services company, HCL Technologies, has agreed to acquire Mumbai-headquartered engineering solutions company Geometric in a share swap deal that HCL Tech, will issue 10 equity shares of Rs 2 each to Geometric shareholders for every 43 equity shares of Geometric of Rs 2 each held by them. Search for: Search. H&D International Group acquired by HCL Technologies . In total, HCL will issue 15,640,546 equity shares of Rs. The acquisition would take place through a Scheme of Arrangement which would be subject to the approval of the Hon’ble High Courts at Mumbai and Delhi in addition to the approval of the regulatory authorities. HCL’s acquisition of Geometric is the second-largest buyout deal in the domestic IT space after Tech Mahindra acquired a controlling stake in Satyam for Rs 2,900 crore in 2009. 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