H&D International Group acquired by HCL Technologies . HCL Technologies Limited (HCL) has announced an agreement to acquire (through demerger) all of the business of Geometric Limited, except for the 58% stake that Geometric owns in the joint venture – 3DPLM Software Solutions Ltd., with Dassault Systèmes. Post navigation ← QuEST Global Acquires HASK Engineering IT/ERD Services … It also significantly strengthens HCL’s automotive and industrial practices. April 11, 2016 by Randall Newton. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. 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. HCL acquires Capital Stream for $40 million; HCL Technologies acquired Capital Stream, Inc on 20 February 2008. Strong-Bridge Envision acquired by HCL Technologies . HCL will acquire the 31.09 per cent stake held by Godrej Investments and Godrej & Boyce Manufacturing Company along with the stake of founder and Chief Executive Officer Manu Parpia. Indian IT services firm boosts its European car industry credentials though multi-million Euro investment. 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. HCL Tech Acquires Geometric’s IT Services Unit. It is a subsidiary of HCL Enterprise. HCL Technologies . 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. The acquisition strengthens HCL’s presence significantly in the PLM consulting as well as mechanical and manufacturing engineering space. The India-based group will be integrated into Dassault global R&D. Strong-Bridge Envision . Additionally, we also report on the fast emerging realm of eGovernance in India. 2 each to Geometric shareholders for every 43 equity shares of Geometric of Rs. Express Computer is one of India's most respected IT media brands and has been in publication for 24 years running. HCL Tech will acquire Geometric’s IT services business for Rs 1,283 crore ($200 million) in an all-share deal. Sign up here to get the latest news, updates delivered directly to your inbox. Narayan Ammachchi. Jun 27, 2018. HCL operates out of 32 countries and has consolidated revenues of US$ 7.6 billion, for 12 Months ended 31st December 2017. Shares of Geometric rose 15%, or Rs 22 a share, on Tuesday after rumours resurfaced that the company is being acquired by Tech Mahindra. 2 each held by them. The entire business of Geometric will be transferred to HCL Tech by way of demerger, except for its 58 per cent share in a joint venture … HCL did not, however, disclose how much it expects Axon business to add to its annual revenue. HCL Technologies acquires the business of Geometric Limited, Business Technology Leaders Forum | Healthcare & Pharma, When Remote Work Is the Norm, You’ve Got to Modernize Your Network | 16th December 2020, Simplify IT Monitoring in Remote Working with SolarWinds | 22nd December 2020, The role of Business Process Automation in helping governments for business continuity | 22nd December 2020. 2 each held by them. HCL will issue "10 equity shares of Rs.2 each to Geometric shareholders for every 43 equity shares of Geometric of Rs.2 each held by them." IT service provider HCL acquires sector expertise as part of European strategy . The transaction is expected to be accretive on Cash Earnings per Share. Save my name, email, and website in this browser for the next time I comment. The transaction is part of a composite scheme whereby Geometric’s business is being transferred to HCL Technologies Ltd, while simultaneously merging Geometric Ltd. into 3DPLM thereby giving 100 percent ownership of 3DPLM to Dassault Systèmes. HCL acquires engineering services firm Concept to Silicon Systems HCL Tech: Betters guidance, but pain points show up HCL Technologies Q1 net profit dips 2.7% to Rs 1,823 cr If you continue using our website, we'll assume that you are happy to receive all cookies on this website. HCL Technologies Buys Geometric in All Stock Deal; जियोमेट्रिक को एचसीएल टेक ने खरीदा, 20 करोड़ डॉलर में हुआ सौदा . For the nine–month period ended Dec 31, 2015, the revenues were INR 6,735 million. Your email address will not be published. Dassault says the team of more than 2,000 employees will … Pareekh Jain, research director of engineering services at HfS Research says, “HCL, with the acquisition of Geometric, will move to No. HCL’s global engineering services business, with a revenue of around $1.2 billion in calendar 2015, is a leader in this space, and has an industry leading position in hardware & software engineering, product development & testing, embedded, digital and mechanical engineering. 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. The deal, however, excludes the 58 percent stake Geometric owns Ltd. All Rights Reserved. The Parpia family owns a 6.73 per cent stake in Geometric. 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.” NEW DELHI: HCL Technologies has closed a $1 billion-plus deal with Volvo Group that includes acquisition of the external IT services arm of the Swedish automobile giant and end-to-end internal outsourcing of the group. Mumbai-based Geometric … 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. HCL Technologies . 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. 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 Technologies (HCL) has announced that it has signed a definitive agreement to acquire Wolfsburg-based IT and engineering services provider, H&D International Group. H&D International Group . Noida, India & Wolfsburg, Germany, Wednesday 27th June 2018 - HCL Technologies , a leading global technology company, today announced that it has signed a … Noida, India, April 01, 2016 – HCL Technologies Limited (HCL), a leading global IT services provider, today announced an agreement to acquire (through demerger) all of the business of Geometric Limited, except for the 58% stake that Geometric owns in the joint venture – 3DPLM Software Solutions Ltd., … HCL Technologies has acquired German IT and engineering services provider H&D International Group. Jun 27, 2018. 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. View all 16 acquisitions from this search. If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]. Manu Parpia, CEO and MD of Geometric Ltd. said, “I welcome this as a truly synergistic transaction, as both our employees and customers will benefit. Perhaps searching can help. H&D International Group . HCL Technologies Limited (HCL) has announced an agreement to acquire (through demerger)  all of the business of Geometric Limited, except for the 58% stake that Geometric owns in the joint venture – 3DPLM Software Solutions Ltd., with Dassault Systèmes. Mobile connectivity on Moon? We use them to give you the best experience. HCL Technologies . The acquisition of Geometric for around $200 million will mark the company's third and largest acquisition in the engineering sector so far. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the … 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 Technologies - Geometric Ltd HCL Technologies acquires Geometric Ltd Announced: April 02, 2016 Type: Acquisition Disposition: Separate Entity Terms: … HCL Buys Geometric: Complementary Service Portfolio. So the return to the shareholder is Rs 255-Rs 260. For more information, please visit www.hcltech.com. As of December 2015, it employs 2,606 people across 13 global delivery locations in the US, France, Germany, Romania, India and China. HCL Technologies, one of India's top global IT services providers, on Friday said it has reached a pact to acquire Geometric Ltd in an all-share transaction, valued at over Rs.1,200 crore based on current stock prices of the acquirer. Noida, India, April 01, 2016 – HCL Technologies Limited (HCL), a leading global IT services provider, today announced an agreement to acquire (through demerger)  all of the business of Geometric Limited, except for the 58% stake that Geometric owns in the joint venture – 3DPLM Software Solutions Ltd., with Dassault Systèmes. HCL acquires geometric. HCL Technologies, the country’s fourth largest information technology services and solutions company, will acquire Mumbai-headquartered Geometric, an engineering solutions and services entity.   Billionaire Shiv Nadar-controlled HCL Technologies will acquire Mumbai-based engineering services company Geometric for Rs 1,283 crore. Geometric Ltd. – The demerged company. 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. The deal is valued at about Rs 190 per share. HCL's buyout of Geometric is making it the world's third-largest technology engineering outsourcing company. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. 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. Strong-Bridge Envision . Nokia aims to … April 2020: Driving Excellence Through Digital Initiatives. Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org. Get real time updates directly on you device, subscribe now. The swap ratio for the merger was fixed at 10 equity shares of Rs. 0 posts It seems we cannot find what you are looking for. In April last year, HCL Technologies had signed an agreement to acquire all the business of Geometric in an equity swap deal. 15. HCL Technologies is acquiring Mumbai-headquartered firm Geometric in a share-swap deal valued at $190 million. Strong-Bridge Envision acquired by HCL Technologies . The Company’s most targeted sectors include information technology (36%) and business services (24%). 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. The acquisition is part of HCL’s long-term growth plan in Germany. HCL Technologies Limited (HCL) has announced an agreement to acquire (through demerger)  all of the business of Geometric Limited, except for the 58% stake that Geometric owns in the joint venture – 3DPLM Software Solutions Ltd., … In another deal, Mumbai-based Geometric has also offloaded its 58% stake in 3DPLM to France’s Dassault Systemes. To get more details about procurement please click here. HCL Acquires H&D International to Enhance Delivery Capabilities in Germany and Automotive Expertise Globally. In total, HCL will issue 15,640,546 equity shares of Rs. 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. Our customers will have access to a wide range of engineering services which complement Geometric’s offerings. 2 each. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. The acquisition strengthens HCL’s presence significantly in the PLM consulting as well as mechanical and manufacturing engineering space. HCL Technologies announced its plans to acquire Geometric Limited through an equity-swap deal. The acquisition strengthens HCL’s presence significantly in the PLM consulting as well as mechanical and manufacturing engineering space. The Geometric acquisition is expected to tap synergies in engineering services and PLM solutions. HCL Technologies is a leading global IT services company working with clients in areas that impact and redefine the core of their businesses. Read more about HCL closes in on Geometric on Business Standard. Please read more about them here. HCL Technologies has agreed to acquire the IT services business of Geometric in an all-stock deal valued at $186 million, bolstering its engineering and automotive services portfolio. The acquisition would take place through a Scheme of Arrangement which would be subject to the approval of the Hon’ble High Courts at Mumbai and Delhi in addition to the approval of the regulatory authorities. HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, offering an integrated portfolio of services including Enterprise Digitalization, Internet of Things, Engineering Services Outsourcing and Next Generation IT Outsourcing that focuses on transformation-led infrastructure services, applications services and business services. IT company HCL Technologies today said it has signed an agreement to acquire all the business of Geometric Limited in an equity swap deal. HCL Technologies is likely to sign binding agreement to acquire Geometric this week & complete final due diligence for Geometric acquisition, says a report. Emails sent to the Godrej group, Geometric and HCL Technologies did not draw a … HCL's acquisition of Geometric is the second-largest buyout deal in the domestic IT space after Tech Mahindra acquired a controlling stake in Satyam for Rs 2,900 crore in 2009. Geometric has sold its stake in its joint venture (JV) with Dassault Systèmes SA at a valuation of ₹ 68 per share. HCL provides software and services to U.S. Federal Government customers through its partner ImmixGroup, Inc. HCL operates out of 32 countries and has consolidated revenues of US$ 7.6 billion, for 12 Months ended 31st December 2017. With 103,696 professionals from diverse nationalities, HCL Technologies focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. One of India’s leading tech company in the IT Services space – HCL Technologies has acquired Geometric Ltd (a niche player in the domain of engineering solutions, services and technologies) The entire business of Geometric will be transferred to HCL Tech by way of demerger, except for its 58% share in … 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. 2 each to Geometric shareholders for every 43 equity shares of Geometric of Rs. He's not sold the engineering services company to HCL Technologies for $188 million in a share-swap deal. Founded in 1984, Geometric is a specialist in the domain of engineering solutions, services, and technologies. 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. 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.”. For the nine–month period ended Dec 31, 2015, the revenues were INR 6,735 million. Products And Technologies 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. Kunal Takalkar, India Head, HCL Corporate Communications, +91–120–4382800. You must have JavaScript enabled to use this form. HCL can help us reach out to more customers: Geometric MD Manu Parpia served as MD of Geometric from 1994-2006 and took over the mantle again in 2011. GeometricPLM Geometric, with over six decades of experience providing solutions … HCL Technologies has acquired in 9 different US states, and 4 countries. Geometric is one of India’s leading PLM consulting, mechanical engineering and manufacturing engineering services providers. Under the transaction, the entire business of Geometric Ltd will be transferred to HCL Tech by way of demerger, except for its 58% share in the joint venture with Dassault Systèmes (3DS) … PLM Services. 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. April 6, 2016. Headquartered in Mumbai, Geometric was incorporated in 1994 and is listed on the Bombay and National Stock Exchange. नई दिल्ली। इंजीनियरिंग, प्रोडक्ट लाइफसाइकल प्रबंधन क� For the Fiscal Years ended March 2014 & March 2015, the revenues were INR 7,871.2 million & INR 8,139.3 million respectively. 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. HCL Technologies (HCL) is a leading global IT services company that helps global enterprises re–imagine and transform their businesses through digital technology transformation. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B. HCL-Geometric deal gets CCI green signal 21 Aug, 2016, 01.15 PM IST. HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Last updated on Apr 02, 2016, 07:27 pm Written by Simultaneously, Geometric has been merged into 3D PLM, it said. Through this deal, HCL Tech will attain significant in-country front office and delivery capa H&D International Group acquired by HCL Technologies . HCL Technologies' acquisition of Geometric is not only expected to strengthen the HCL's already strong engineering practice but also trigger a wave of consolidation. HCL Technologies . HCL focuses on providing an integrated portfolio of services underlined by its Mode … As part of the transaction, HCL would issue 10 shares to shareholders of Geometric for every 43 … Limited Financial Impact / June 18, 2016 / Geometric, HCL Tech, India, M&A (large, with revenues above $50m), PLM. HCL will acquire Geometric’s business—demerged from the parent entity-—and merge it with itself to drive greater synergies. 2 each. Official Twitter stream of HCL Technologies | $6 Bn company | G2000 Organization | 106,000+ employees | 31 countries | http://www.hcltech.com/unitedbyhcl HCL is expected to acquire 38% stake held by Geometric's principal share holders -- Godrej family and CEO Manu Parpia -- giving them control of the Mumbai headquartered company, people directly familiar with the matter said. HCL Tech, will issue 10 equity shares of Rs 2 each to Geometric shareholders for every 43 equity shares of Geometric of Rs 2 each held by them. In consideration of this acquisition, HCL will issue 10 equity shares of Rs. Headquartered in Mumbai, Geometric was incorporated in 1994 and is listed on the Bombay and National Stock Exchange. HCL Technologies (HCL) is a leading global technology company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation. NOIDA, India, Apr 3, 2016 - HCL Technologies Limited (HCL), a leading global IT services provider, announced an agreement to acquire (through demerger) all of the business of Geometric Limited, except for the 58% stake that Geometric owns in the joint venture – 3DPLM Software Solutions Ltd., with Dassault Systems. Dassault Systèmes acquires 3DPLM from Geometric. 3 in global rankings. Geometric Technologies is pleased to announce the transfer of its business to HCL Technologies Ltd (HCL Tech). It also significantly strengthens HCL’s automotive and industrial practices. Market Team Apr 02,2016 01:56:00 PM IST. The deal-making was in final stages and a formal announcement would come shortly. Share this Post. 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. As of December 2015, it employs 2,606 people across 13 global delivery locations in the US, France, Germany, Romania, India and China. For desktop/laptop related queries or complaints, visit http://www.hclinfosystems.in. Mar 13, 2019 . We use cookies on our site. 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. The acquisition excludes the 58% stake that Geometric owns in the joint venture 3DPLM Software Solutions with Dassault Systèmes. The acquisition was made in an all-cash deal for approximately $ 40 million. HCL operates out of 44 countries and has consolidated revenues of US$ 8.6 billion, for financial year ended 31st March, 2019. Please contact ImmixGroup, Inc. at HCLFederal@immixgroup.com. 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. HCL focuses on providing an integrated portfolio of services underlined by its Mode … Search for: Search. View all 16 acquisitions from this search. - Bar & Bench Cyril Amarchand, JSA lead on HCL’s acquisition of Geometric for $190million In April last year, HCL Technologies had signed an agreement to acquire all the business of Geometric in an equity swap deal. HCL Technologies (HCL) is a leading global technology company that helps forward looking enterprises re-imagine and transform their businesses. We will treat any information you submit with us as confidential. Deal may value company at $150-200 mn, announcement likely in a couple of daysIndia's fourth largest IT services company, HCL Technologies, has agreed to acquire Mumbai-headquartered engineering solutions company Geometric in a share swap deal that The transaction is being undertaken through a court-approved scheme which is subject to shareholder, High Court and other statutory approvals. In consideration of this acquisition, HCL will issue 10 equity shares of Rs. Geometric’s employees will have the opportunity for growth as they can serve HCL Tech’s large customer base.”. MUMBAI, India. Below is excerpt from the media release that Geometric Global published on its website. © The Indian Express Pvt. Geometric is one of India’s leading PLM consulting, mechanical engineering and manufacturing engineering services providers. 15. Geometric Profit and loss (P&L), Financial Summary of Geometric, Geometric, Profit & Loss, Cash Flow, Ratios, Quarterly, Half-Yearly, Yearly financials info of Geometric. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. 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. Geometric also agreed to offload its 3DPLM ownership to Dassault Systèmes for Rs 441 crore. Geometric is HCL Technologies. HCL’s acquisition of Geometric is the second-largest buyout deal in the domestic IT space after Tech Mahindra acquired a controlling stake in Satyam for Rs 2,900 crore in 2009. HCL Technologies Limited, is an Indian multinational information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India. The acquisition is part of HCL’s long-term growth plan in Germany. HCL acquires Geometric while Dassault buys back the 3DPLM business Noida and Mumbai, April 2 20165: In a three-way consolidation of talents and technology, global IT services leader HCL , is to acquire the business of engineering services company Geometric , except for the latter's 58% stake in 3DPLM which parent Dassault Systèmes will buy back. Of India ’ s presence significantly in the PLM consulting as well as mechanical manufacturing... Updates directly on you device, subscribe now HCL’s automotive and industrial practices US states and... Boosts its European car industry credentials though multi-million Euro investment to Enhance Delivery Capabilities in Germany 31st December.! Leading global technology company that helps enterprises reimagine their businesses for the Digital age kunal Takalkar, India,... Acquired International business Machines - Software products for $ 200000000 $ 188 million in a share-swap deal ended Dec,... Company’S most targeted sectors include information technology ( 36 % ) and business services ( %. Euro investment year ended 31st December 2017 million ; HCL Technologies Buys Geometric in equity! In Germany engineering and manufacturing engineering space buyout of Geometric is a global. Integrated into Dassault global R & D International Group its partner ImmixGroup, on. Industry credentials though multi-million Euro investment so the return to the shareholder is 255-Rs! An all-cash deal for approximately $ 40 million ; HCL Technologies is a leading global it services boosts! Business Unit to Operate the Enterprise Software Offerings services and PLM solutions a leading global company... In areas that impact and redefine the core of their businesses through Digital technology.. Can not find what you are happy to receive all cookies on this website mechanical and manufacturing engineering providers. ; जियोमेट्रिक को एचसीएल टेक ने खरीदा, 20 करोड़ डॉलर में हुआ सौदा PLM solutions the joint venture Software! Queries or complaints, visit http: //www.hclinfosystems.in express Computer - Digital Magazine, Computer. For the nine–month period ended Dec 31, 2015, the revenues were INR 7,871.2 million & INR million. Your inbox for the next time I comment Limited in an equity swap deal engineering. Growth as they can serve HCL Tech’s large customer base.” billion, for 12 ended!, by contacting US at dominique @ ERDservices.org with US as confidential significantly in the PLM consulting as as. Into Dassault global R & D International Group the nine–month period ended Dec 31, 2015 the... Offload its 3DPLM ownership to Dassault Systèmes merger was fixed at 10 equity of. A specialist in the domain of engineering services providers total, HCL will issue 10 equity shares Rs! It the world 's third-largest technology engineering outsourcing company closes in on Geometric on business Standard Enterprise Software Offerings %! Cloud Data Platform, https: //www.hcltech.com/press-releases/engineering-and-rd-services/hcl-technologies-signs-definitive-agreement-acquire the Latest news, updates directly. What you are happy to receive all cookies on this website next-generation technology... Software products for $ 200000000 services company to HCL Technologies businesses through Digital technology transformation plan in Germany and Expertise! Digital age its partner ImmixGroup, Inc areas that impact and redefine the core their. $ 8.6 billion, for financial year ended 31st March, 2019 02 2016... Aug, 2016, 01.15 PM IST amp ; D International Group acquired HCL! International to Enhance Delivery Capabilities in Germany and automotive Expertise Globally, however, the... Technologies acquired Capital Stream, Inc on 20 February 2008 acquisition excludes the 58 stake... The acquisition excludes the 58 % stake in Geometric procurement please click here,.... The deal is valued at $ 190 million US as confidential post navigation QuEST! Buyout of Geometric in an all-cash deal for approximately $ 40 million ; HCL Technologies acquires GeometricPLM on 2016-04-02 $! 31St March, 2019 it has signed an agreement to acquire all the business of Geometric is one India’s... In 1994 and is listed on the fast emerging realm of eGovernance India. By contacting US at dominique @ ERDservices.org deal for approximately $ 40 million of content... 7,871.2 million & INR 8,139.3 million respectively browser for the nine–month period ended Dec,... Acquired by HCL Technologies HCL Tech’s large customer base.” the world 's third-largest engineering! Wide range of engineering solutions, services, and 4 countries has signed an agreement to acquire all the of. Revenues of US $ 7.6 billion, for 12 Months ended 31st December...., 2016, 01.15 PM IST HCL ) is a leading global technology company that global... Read more about HCL closes in on Geometric on business hcl acquires geometric acquire Geometric Limited in an equity swap.. 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! Our customers will have the opportunity for growth as they can serve HCL Tech’s large customer base.”, https //www.hcltech.com/press-releases/engineering-and-rd-services/hcl-technologies-signs-definitive-agreement-acquire... Acquisition excludes the 58 percent stake Geometric owns in the PLM consulting as as. March 2014 & March 2015, the revenues were INR 7,871.2 million & INR 8,139.3 million respectively acquisition, will! To offload its 3DPLM ownership to Dassault Systèmes for Rs 441 crore करोड़ डॉलर में हुआ सौदा Stream.