KRChoksey: HCL Technologies Announces Intent To Acquire Australian IT Firm DWS, To Expand Presence In ANZ Region

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Report.HCL Technologies Ltd. has announced its intent to acquire Australia-based IT, business and management consulting firm DWS Ltd.DWS - listed on the Australian Securities Exchange (ASX) - employed 772 people as of June-end, has offices in Melbourne, Sydney, Adelaide, Brisbane and Canberra and provides a range of IT services including Digital Transformation, Application Development and Support, Program and Project Management and Consulting, mainly in Australia and New Zealand.The acquisition will be done by a process of Scheme of Arrangement to be approved by courts in Australia.It will be subject to the approvals of Australia’s Foreign Investment Review Board, Australian Competition Commission and New Zealand’s Overseas Investment Office.The transaction will also require approval of DWS shareholders.The acquisition will be done through HCL Australia Services Pty. Ltd., a wholly owned step-down subsidiary of HCL Technologies..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KRChoksey: HCL Technologies Announces Intent To Acquire Australian IT Firm DWS, To Expand Presence In ANZ Region

KRChoksey: HCL Technologies Announces Intent To Acquire Australian IT Firm DWS, To Expand Presence In ANZ Region

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