HGS completes acquisition
Dubai, March 3, 2023: Hinduja Global Solutions Limited, part of the multi-billion-dollar conglomerate, Hinduja Group, a leading provider of solutions in digital consumer experience (CX), business process management (BPM) and digital media services, has completed the acquisition of 100% stake in TekLink International, Inc for US$ 58.8 million, subject to earnouts and other customary and agreed adjustments.
TekLink International Inc. is a full-service financial planning and analytics service provider to over 60 clients across multiple industries, including consumer products, retail, pharmaceuticals, manufacturing & distribution, utilities, and high tech. TekLink is headquartered in Warrenville, IL, US, with presence in Europe and delivery centers in Hyderabad and Indore in India. The company has strong credentials in the industry, with established partnerships with Microsoft, SAP, Anaplan, etc. TekLink has recently been named a 2022 Gartner® Peer Insights™ Customers’ Choice for Data & Analytics Service Providers.
The acquisition will strengthen HGS’ digital solutions business by adding enhanced expertise in building data platforms, analytics, and financial planning. It will also add complementary digital workforce bench strength, with 275 seasoned technology and implementation professionals joining HGS as part of the transaction. HGS’ digital solutions business currently employs over 750 core technology and digital marketing experts, primarily across the US and India, who are transforming customer experiences (CX) for leading brands.
HGS has 21,685 employees across 34 delivery centers in eight countries, making a difference to some of the world’s leading brands across verticals. For the year ended March 31, 2022, HGS had revenues of US$ 779 million.
Last Updated on 2 years by News Desk 2
