HCLTech to acquire Robotiq.ai for 9 million euros.
According to The Economic Times Tech, HCL Technologies Austria GmbH, a step-down subsidiary of HCL Technologies, will acquire 100% of Robotiq.ai for a cash consideration of nine million euros, adjusted for post-closing net debt and working capital. The deal is as disclosed in a filing by HCLTech, described as India’s third largest IT services company.
Key facts
- 01HCLTech will acquire 100% of Robotiq.ai.
- 02The buyer is HCL Technologies Austria GmbH, a step-down subsidiary of HCLTech.
- 03Cash consideration is nine million euros, adjusted for post-closing net debt and working capital.
- 04The information comes from a filing by HCLTech, which identifies the buyer as India’s third largest IT services company.
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- HCLTech software unit to acquire European firm Robotiq.ai for 9 million euros · The Economic Times Tech