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Thursday, July 08, 2010 (18:36:50) |
| Tags : business, IT |
HCL Infosystems picks up 60 percent stake in Dubai firm
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| New Delhi, July 8: HCL Infosystems today said it has acquired a 60 percent stake in NTS Group, a leading Dubai-based IT services and solutions company.
Though the company did not divulge the the size of the deal, according to market analysts, it was about $6.5 million.
The acquisition of NTS will now help HCL Infosystems expand its presence in the Middle East and African markets.
"The completion of this acquisition represents a significant step for HCL Infosystems in our transformation strategy to accelerate growth in our targeted international markets, offering a complete set of products, service and solutions," said Ajai Chowdhry, chairman, HCL Infosystems.
NTS, a "total solutions" provider ranging from IT hardware to software services and consulting, has partnered with leading enterprises in the region building customised solutions for a host of business needs. (IANS) |
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