HCL Infosystems picks up 60 percent stake in Dubai firm

New Delhi, July 8 (IANS) HCL Infosystems Thursday 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.

–Indo-Asian News


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