HCL Tech Acquires Australian IT Firm DWS For $115.8 Million

NEW DELHI: HCL Technologies has announced the acquisition of Australian IT firm DWS Ltd for $115.8 million in a bid to further expand its digital offerings especially in Australia and New Zealand. The DWS Group closed FY 2020 with revenues of $ 122.9 million and has over 700 employees with operations in Melbourne, Sydney, Adelaide, Brisbane, and Canberra. “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, he added. HCL currently employs 1600 people in major cities, including Canberra, Sydney, Melbourne, Brisbane, and Perth. Danny Wallis, CEO and Managing Director, DWS said, “We are delighted the DWS team is joining HCL. This acquisition represents an outstanding outcome for all DWS stakeholders: shareholders, employees, clients and other business partners.”