HCL focuses on providing an integrated portfolio of services underlined by its Mode … The acquisition, however, excluded the 58 per cent stake that Geometric owned in a joint venture -- 3D PLM Software Solutions Ltd -- with Dassault Systemes. HCL will acquire Geometric’s business—demerged from the parent entity-—and merge it with itself to drive greater synergies. Billionaire Shiv Nadar-controlled HCL Technologies will acquire Mumbai-based engineering services company Geometric for Rs 1,283 crore. Indian IT services firm boosts its European car industry credentials though multi-million Euro investment. HCL acquires Capital Stream for $40 million; HCL Technologies acquired Capital Stream, Inc on 20 February 2008. It also provides several cross–sell and up–sell opportunities as the customers will benefit from a unique services portfolio of end–to–end engineering, R&D, digital technologies and internet of things capabilities.” © The Indian Express Pvt. Aerospace Technology is using cookies. 0 posts It seems we cannot find what you are looking for. In total, HCL will issue 15,640,546 equity shares of Rs. 3 in global rankings. Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. The transaction thus creates a unique portfolio of end–to–end engineering and R&D capabilities across the full product lifecycle – hardware, software, mechanical & manufacturing engineering and PLM consulting. HCL Tech to buy engineering services, technologies firm Geometric - With this acquisition, the presence of HCL Technologies will strengthen significantly in the Product Lifecycle Management (PLM) consulting as well as mechanical and manufacturing engineering services space. Ltd. All Rights Reserved. The acquisition excludes the 58% stake that Geometric owns in the joint venture 3DPLM Software Solutions with Dassault Systèmes. Read more about HCL closes in on Geometric on Business Standard. View all 16 acquisitions from this search. HCL Technologies . Headquartered in Mumbai, Geometric was incorporated in 1994 and is listed on the Bombay and National Stock Exchange. Geometric also agreed to offload its 3DPLM ownership to Dassault Systèmes for Rs 441 crore. Pareekh Jain, research director of engineering services at HfS Research says, “HCL, with the acquisition of Geometric, will move to No. In total, HCL will issue 15,640,546 equity shares of Rs. Products And Technologies For the Fiscal Years ended March 2014 & March 2015, the revenues were INR 7,871.2 million & INR 8,139.3 million respectively. HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, offering an integrated portfolio of services including Enterprise Digitalization, Internet of Things, Engineering Services Outsourcing and Next Generation IT Outsourcing that focuses on transformation-led infrastructure services, applications services and business services. You must have JavaScript enabled to use this form. Get real time updates directly on you device, subscribe now. Mobile connectivity on Moon? Express Computer is one of India's most respected IT media brands and has been in publication for 24 years running. HCL operates out of 32 countries and has consolidated revenues of US$ 7.6 billion, for 12 Months ended 31st December 2017. 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. Post navigation ← QuEST Global Acquires HASK Engineering IT/ERD Services … HCL Technologies (HCL) has announced that it has signed a definitive agreement to acquire Wolfsburg-based IT and engineering services provider, H&D International Group. For the nine–month period ended Dec 31, 2015, the revenues were INR 6,735 million. The Geometric acquisition is expected to tap synergies in engineering services and PLM solutions. HCL Technologies announced its plans to acquire Geometric Limited through an equity-swap deal. In April last year, HCL Technologies had signed an agreement to acquire all the business of Geometric in an equity swap deal. Through this deal, HCL Tech will attain significant in-country front office and delivery capa Market Team Apr 02,2016 01:56:00 PM IST. Simultaneously, Geometric has been merged into 3D PLM, it said. Narayan Ammachchi. The acquisition of Geometric for around $200 million will mark the company's third and largest acquisition in the engineering sector so far. H&D International Group acquired by HCL Technologies . HCL Technologies is likely to sign binding agreement to acquire Geometric this week & complete final due diligence for Geometric acquisition, says a report. Geometric is one of India’s leading PLM consulting, mechanical engineering and manufacturing engineering services providers. HCL Technologies . It also significantly strengthens HCL’s automotive and industrial practices. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B. Additionally, we also report on the fast emerging realm of eGovernance in India. HCL Technologies . HCL Technologies has agreed to acquire the IT services business of Geometric in an all-stock deal valued at $186 million, bolstering its engineering and automotive services portfolio. MUMBAI, India. April 11, 2016 by Randall Newton. H&D International Group . RECENT STORIES. Search for: Search. Strong-Bridge Envision . HCL Buys Geometric: Complementary Service Portfolio. Travel, Transport, Logistics & Hospitality, Actian Avalanche Hybrid Cloud Data Platform, https://www.hcltech.com/sites/default/files/geometric.pdf, https://www.hcltech.com/press-releases/engineering-and-rd-services/hcl-technologies-signs-definitive-agreement-acquire. The deal-making was in final stages and a formal announcement would come shortly. We cover enterprise technology in all its flavours, including processors, storage, networking, wireless, business applications, cloud computing, analytics, green initiatives and anything that can help companies make the most of their ICT investments. Emails sent to the Godrej group, Geometric and HCL Technologies did not draw a … IT company HCL Technologies on Friday said it has signed an agreement to acquire all the business of Geometric Limited in an equity swap deal. HCL Technologies has agreed to acquire the IT services business of Geometric in an all-stock deal valued at $186 million, bolstering its engineering and automotive services portfolio. So the return to the shareholder is Rs 255-Rs 260. Geometric shares surged over 17 per cent today after HCL Tech's Rs 1,237 crore deal to acquire the Mumbai-based company's IT services business was seen favourably by investors. 2 each to Geometric shareholders for every 43 equity shares of Geometric of Rs. It also significantly strengthens HCL’s automotive and industrial practices. Our technology products, services, and engineering prowess are built on the back of four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. HCL Technologies is a leading global IT services company working with clients in areas that impact and redefine the core of their businesses. HCL will inherit several unique Geometric processes, methodologies and intellectual properties in PLM and digital manufacturing, along with highly specialized professionals in the PLM consulting as well as mechanical and manufacturing engineering space. HCL Technologies is acquiring Mumbai-headquartered firm Geometric in a share-swap deal valued at $190 million. He's not sold the engineering services company to HCL Technologies for $188 million in a share-swap deal. 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 Technologies . The acquisition was made in an all-cash deal for approximately $ 40 million. As of December 2015, it employs 2,606 people across 13 global delivery locations in the US, France, Germany, Romania, India and China. HCL claims that the deal is one of the largest IT deals signed by any Indian IT company and definitely the largest in HCL’s history so far. Strong-Bridge Envision . HCL Technologies has acquired in 9 different US states, and 4 countries. PLM Services. Dassault Systèmes has acquired full ownership of 3DPLM, the research and development group created in 2002 as a joint venture between Dassault and Geometric Ltd. of India. 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. Indian government’s focus on developing smart cities will boost IoT adoption, Blackstone to buy Mphasis for up to Rs 7,071 cr, Check Point Software Technologies Invests in Geofenced Cloud Capabilities in India to…, Edelweiss General Insurance launches India’s first Open API Gateway for Insurance…, Acer launches AI Computing Platform on servers and workstations in India, Automating Historian Data analytics – driving value in production processes. The acquisition is part of HCL’s long-term growth plan in Germany. Perhaps searching can help. The deal, however, excludes the 58 percent stake Geometric owns We use cookies on our site. HCL Technologies acquires GeometricPLM on 2016-04-02 for $200000000. The acquisition is part of HCL’s long-term growth plan in Germany. Add comment . If you continue using our website, we'll assume that you are happy to receive all cookies on this website. April 6, 2016. HCL Technologies, the country’s fourth largest information technology services and solutions company, will acquire Mumbai-headquartered Geometric, an engineering solutions and services entity. The business that HCL is acquiring, in one of the largest acquisitions in the engineering services space, has more than 60 global clients in USA and Europe, majorly in automotive and industrial engineering segments. As of December 2015, it employs 2,606 people across 13 global delivery locations in the US, France, Germany, Romania, India and China. GeometricPLM Geometric, with over six decades of experience providing solutions … HCL did not, however, disclose how much it expects Axon business to add to its annual revenue. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company. April 2020: Driving Excellence Through Digital Initiatives. There can be no assurance that the forward looking statements made herein will prove to be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. HCL operates out of 44 countries and has consolidated revenues of US$ 8.6 billion, for financial year ended 31st March, 2019. The acquisition strengthens HCL’s presence significantly in the PLM consulting as well as mechanical and manufacturing engineering space. 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