HCL Technologies Intends To Acquire Leading Australian IT Solutions Provider DWS Limited

CIOReviewIndia Team | Monday, 21 September 2020, 04:51 IST

HCLDWSThe leading global technology solution provider, HCL Technologies announced today that it intends to acquire DWS Limited (ASX:DWS). DWS is a leading Australian IT, business and management consulting group. With the evolving IT industry and demands for the digital strategies, DWS offers services with 700+ employees and offices in Melbourne, Sydney, Adelaide, Brisbane and Canberra, to a whopping number of customers in the verticals of business and technology.

DWS Group has FY20 revenue at A$ 167.9 million by delivering to the requirements of IT services that include Digital Transformation, Application development & support, Program & Project Management and Consulting. HCL’s DWS acquisition is significant to HCL’s contribution to Digital initiatives in Australia and New Zealand, in addition to creating a strong customer-base in important industries.

Michael Horton, Executive Vice President & Country Manager, Australia & New Zealand, HCL Technologies, said, “We are excited for this expansion of HCL Technologies in Australia and New Zealand and are confident that our combined strengths will further accelerate the digital transformation journeys of our clients and innovations for their end customers HCL has invested in the region for over 20 years and is committed to enabling digitilisation and growing the local ecosystem. DWS has forged a sterling reputation, powered by highly talented consultants who enable organizations to be at the cutting edge of technology. We look forward to welcoming the DWS team to HCL and creating enhanced global learning and career opportunities for them."

“We are delighted the DWS team is joining HCL. As a leading name in the global technology industry and with over 150,000 employees across 49 countries, they bring best in class technology capabilities, global scale and a wide network of clients and partners across industries,” said Danny Wallis, CEO and Managing Director, DWS. “This acquisition represents an outstanding outcome for all DWS stakeholders: shareholders, employees, clients and other business partners.”

HCL, at present has 1600 people, working in major Australian cities like Canberra, Sydney, Melbourne, Brisbane, and Perth. Over the years, HCL is solving ground-breaking technology problems for the aforesaid regions’ renowned companies. HCL is looking ahead for strengthening its unique delivery model and differentiated offerings in Australia. The acquisition is predicted to end in December 2020, with subject to closing conditions, including approvals of regulatory boards.

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