Indian multinational IT services and consulting company, HCL announced to acquire DWS Limited, a leading Australian IT, business, and management consulting group for $115.8 million in a bid.

Michael Horton, Executive Vice President & Country Manager, Australia & New Zealand, HCL Technologies says, "HCL has invested in the region for over 20 years and is committed to enabling digitalization and growing the local ecosystem. We look forward to welcoming the DWS team to HCL and creating enhanced global learning and career opportunities for them."

The acquisition is expected to enhance HCL's digital initiatives in Australia and New Zealand while strengthening its client portfolio across key industries. Furthermore, DWS employees more than 700 employees, and its offices Sydney, Melbourne, Adelaide, Brisbane, and Canberra, delivers business and technology innovation to large clients across a spectrum of verticals.

Commenting on the acquisition, Danny Wallis, CEO & Managing Director, DWS states, "We are delighted the DWS team is joining HCL. As a leading name in the global technology industry and with over 150,000 employs across 49 countries, they bring best in class technology capabilities, global scale, and a wide network of clients and partners across industries."

The DWS Group possesses revenue of $167.9 million for FY20. It provides a wide range of IT services that include digital transformation, application development, and support, program and project management, and consulting.

Currently, HCL employs nearly 1,600 people in major Australian cities that include Sydney, Canberra, Melbourne, Brisbane, and Perth. The company has consolidated revenue of $9.93 billion with a 150,287- strong workforce globally.